US President Joe Biden is pursuing some of the largest spending proposals in the nation’s history, which should be sparking concerns about inflation and interest rates. Most prominent bankers and economists have told us not to worry, but NYU’s Mervyn King, who spent a decade as Governor of the Bank of England, says they shouldn't be so confident.

On this episode of the Capitalisn’t podcast, hosts Luigi Zingales and Bethany McLean speak with King about his concerns of coming inflation, how he thinks central banks didn’t learn the right lessons after 2008, and why he thinks the industry has become too reliant on models.

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