On November 7, 2024, William White was interviewed on the David Lin Report. He again made the case that rising debt levels, particularly of sovereigns in advanced countries, made the prospect of some kind of financial crisis more likely. Whereas White in the past had recommended rather tighter monetary policies to lean against debt accumulation, that accumulation was now so large that such tightening could have dangerous implications. Also, given the likelihood of further stagflationary shocks going forward, White felt that policymakers might be forced to accept higher inflation and also to introduce instruments of financial repression. On international cooperation, White worried that conflict between China and the US would impede cooperation for many years. This would have negative effects on financial stability, environmental change, public health and elsewhere.
