Dr. Jim Walker is the Chief Economist at Aletheia Capital and founder of Asianomics, renowned for his expertise in Asia-Pacific economics. He discusses the evolution of his research firm and contrasts Austrian and Keynesian economic theories, particularly regarding government interventions. Dr. Walker shares insights on the 1997 Thai baht crisis and current U.S. tariff policies' impacts on global trade. The conversation also touches on geopolitical risks and his passion for horse racing and Scottish football, adding a personal touch to the serious economic analysis.
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Jim Walker's Career Path
Jim Walker founded Asianomics after serving as chief economist at CLSA from 1991 to 2007.
He launched it just before the financial crisis, eventually evolving it into Alethea Capital, focused on independent Asia-Pacific research.
insights INSIGHT
Austrian vs Keynesian Economics
Austrian economics sees the economy as many interacting plans disrupted by government intervention.
Keynesians believe government action can solve problems, Austrians believe it often dissolves economic stability.
question_answer ANECDOTE
Predicting The 1997 Thai Baht Crisis
Jim predicted Thailand's 1997 baht devaluation based on currency fix flaws, but was early to call it.
The fixed exchange rate led to inflation, speculation, and a resulting economic crisis in Thailand.
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Danny Moses interviews Dr. Jim Walker from Aletheia Capital. They discuss Dr. Walker's pioneering of independent research firm Asianomics, its evolution, and current focus at Aletheia Capital. The conversation delves into the differences between the Austrian School of Economics and Keynesian economic theories, particularly in how government interventions impact the economy. Dr. Walker shares insights on the Thai baht devaluation of 1997 and its parallels to current economic conditions. The discussion also covers the recent US tariff policies, their impact on global trade, and the potential for a recession in the US. Later in the episode, Dr. Walker touches on geopolitical risks like the potential China-Taiwan conflict and their economic implications. On a lighter note, they talk about Dr. Walker’s passion for horse racing and Scottish football. Stick around after the interview for Danny's Kentucky Derby preview!
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