Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, and Lyn Alden (@LynAldenContact), investment strategist, join Erik on this episode to discuss:
- Lyn’s position that the US needs to inflate its debt away and the mechanics of how that works.
- The similarities and differences between the 1940s and the 2020s, when an external shock hit a highly leveraged economy.
- How to monetize debt.
- Why interest rates have remained low.
- How the fed can keep inflation at bay.
- The transitory inflation hypothesis.
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