Is This Really Going to Be a Fiscal Crisis?

i think it's really hard to disentangle political and geo political machinations from monetary phiscal policy. It's almost like everything that happens a is related to monetary policy, and may even be like a perverse form of monetary policy. Ye, i mean, it's pretty interesting. If you just look it like a federal debt to g d p since another early 19 hundred, every time it's got nto a level like this, we stand ourselvs in someon o war thi maybe you cold argue that 20 20, the war wasn't, you know, a kinetic war, but it was a war on the people. And so now we're seeing an energy shortage

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