The life and possible death of low interest rates

This podcast episode explores the economic debate between two famed economists, Larry Summers and Olivier Blanchard, about the future of interest rates in the context of secular stagnation, a theory suggesting prolonged economic stagnation. They discuss the shift from low interest rates towards potentially higher rates, arguing that secular stagnation is either dead or at least unlikely to return, with significant implications for mortgage rates, asset valuations, and financial stability.