I've Just Published a New Book - Avoiding the Punch

Louis: I agree on both points, they are. And it seems crazy to me too. He talked about how the debt was destroyed in the 19 forties, fifties and sixties,. At least a debt was reset through the financial repression. And clearly that is what is going on with these deeply negative real rates. Well, i can't thank you enough for a terrific interview. Patrick saresna and i will be back as macro voices continues right after.