From Sound Money to the “Big, Beautiful Bill”

A 73-Year Ride from Monetary Discipline to $324 Trillion in Global Debt — A Guided Walk Through

Hemingway, though a fiction writer, had a clearer view of economics: debt-driven prosperity always ends in inflation and war.

Matthew Piepenburg offers not just a critique but a warning—an urgent reflection on the accelerating debt crisis, and its inextricable ties to time itself. In one of the most compelling moments of his address, he underscores:

The difference between a million, a billion, and a trillion seconds—a seemingly simple analogy that exposes the incomprehensible scale of our financial system’s excess.

In this second mention of time, Piepenburg reminds us that debt is not merely an economic term—it’s a temporal one. Debt borrows from the future. And in that sense, time is running out.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit vongreyerz.substack.com