“Stand Easy” with Mark Saint-Pierre: Monetary Policy and Complex Systems

“Stand Easy” is a website, directed by Mark Saint-Pierre of the Canadian Armed Forces, whose content is directed to National Security Professionals in democratic countries. His interview with William White was posted on 19 September 2021. White reviewed many of the issues raised in his earlier publications (eg “The four horsemen of the apocalypse”, published in The International Economy), with particular emphasis on the implications for national security when vital systems (economic, political, environmental or health) fail. An important challenge in democracies is getting popular support for “unpalatable” policies that might be required to avoid “disastrous” outcomes, sometimes the unintended consequence of previous policies. An associated danger, seen many times in history, is the rise of demagogues promising easy solutions.