Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, and Lyn Alden (@LynAldenContact), investment strategist, join Erik on this episode to discuss:
- Whether monetary policy has been too expansionary.
- Where Lyn and Scott differ on inflation.
- Why interest rates have declined over the last several decades.
- The nuances of the correlation between growth in money supply and CPI.
- Potential downsides to being the global reserve currency.
- Why the US has been able to run trade deficits without a day of reckoning (so far).
- The bull and bear cases for the US and China.
- Why the US has been able to dominate the world in high-tech industries.
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