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Transcripts for BBCNEWS The Papers 20240604 08:40:00

new, the difficulty is it s not entirely new. as the difficulty is it s not entirely new, as we have heard. the government talks about promoting green government talks about promoting green energy and in fact we ve heard lahour green energy and in fact we ve heard labour governments going all the way back to labour governments going all the way back to gordon brown and tony blair promising back to gordon brown and tony blair promising a back to gordon brown and tony blair promising a green industrial revolution and so on. it is a smart policy revolution and so on. it is a smart policy but revolution and so on. it is a smart policy but i revolution and so on. it is a smart policy but i am not sure people will think policy but i am not sure people will think it policy but i am not sure people will think it is policy but i am not sure people will think it is something new they haven t think it is something new they haven t heard before but it gives him something in

Transcripts for CNN Fareed Zakaria GPS 20220116 18:04:00

these crises produced a policy revolution. central banks became more independent and focused on taming inflation. governments in the developing world became more fiscally responsible. in some cases, chile and mexico, they briefly tied their currencies to the dollar. one crucial reason that countries like italy were willing to give up their currency in favor of a common european one was that they believed that essentially merging their monetary policy with germany s would enable them to fix their inflation problem. in large measure, it worked and by the early 2000s, country were congratulating themselves for having won the war. it all seems part of a paradigm where governments recognize the power of free markets and free trade. thomas friedman used the metaphor of the golden straight jacket to explain what happened. governments placed themselves in a situation where their policy options were tightly constrained by markets and as a result their

Transcripts for CNN Fareed Zakaria GPS 20220116 15:03:00

value of all of your savings. that s why high inflation has been so often associated with political turmoil from germany in the 1920s to iran in the 1970s to latin america in the 1980s. we forget now as recently as the 1980s, inflation was rampant across much of the world. countries like brazil, argentina and peru had inflation rates that were measured in the thousands of percent. the united states kicked off the decade with over 12% inflation. and in european countries like italy, it rose above 20% and most of these countries, the cause was some combination of large government deficits, lax central bank policies and external shots like the oil crisis of the 1970s. these crises produced a policy revolution. central banks became more independent and focused on taming inflation. governments in the developing world became more fiscally

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فلسطين - الجهاد الإسلامي: آن الأوان للعودة للنهج الكفاحي الأ

فلسطين - الجهاد الإسلامي: آن الأوان للعودة للنهج الكفاحي الأ
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