Our guest on this episode is Philipp Carlsson-Szlezak, the Global Chief Economist at BCG and author of a new book: Shocks, Crises and False Alarms: How to Assess True Macroeconomic Risk. He explains why it’s wrong to put focus on extreme “doom mongering” predictions - which often turn out to be false alarms. We discuss his intuitive framework for evaluating economic predictions and use it to evaluate the risk of inflation and debt in the coming years.

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Episode TimeStamps:

02:07 - Introduction to Philipp Carlsson

03:08 - What motivated Carlsson to write his book?

05:13 - A framework for assessing macro risk

09:00 - How do we react to doomsayings?

11:18 - Covid19 - the perfect example of a false alarm

15:15 - The new area of tightness

18:27 - It is all about labour cost

23:46 - The deflationary power of technology

26:46 - The outlook of the labour market

32:22 - Why inflation expectations will stay achored in a world of...