As this week will finally offer your host some much needed down time, each day will feature a podcast that will educate and inform you but will also serve as your daily thread while I'm away. We begin the week a terrific and timely discussion featuring Luke Gromen.
Luke is one of the smartest and most eloquent guys I know in our sector. He does a tremendous job of taking something complicated and explaining it in a manner that is eminently understandable. He is the founder and editor of a terrific research firm called "Forest For The Trees" and you can find more about his invaluable subscription services here: https://fftt-llc.com
Over the course of this call, Luke and I primarily focus upon three main points:
- Paul Krugman's recent tweet stating that "debt is money we owe to ourselves and, as such, accumulating it does not make the nation more poor".
- Is a debt reset/jubilee possible when debt is considered an asset?
- Will this current program of global QE eventually lead to inflation/stagflation?
Many thanks to Luke for the generous donation of his time for this podcast. You'll learn a lot if you carve out the time to give it a thorough listen.