| Inflation is proving stickier than anyone would have hoped. Lyn Alden, the author of Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better and my guest today, offers a cogent explanation of why, likening it to the fiscal-driven inflation of the 1940s. Lyn explains how the pandemic-era fiscal stimulus continues to affect our economy, along with increasing geopolitical instability and the runaway federal deficit. We also discuss bitcoin’s special role in emerging markets, vulnerabilities in our banking system, and the problem with India’s central bank digital currency. Go here to learn about the Strategic Investment Conference: https://www.mauldineconomics.com/go/JM543Z31/MEC Go here to learn more about Lyn Alden: https://www.lynalden.com Follow Lyn Alden on LinkedIn here: https://www.linkedin.com/in/lynalden/ Go here to subscribe to Global Macro Update: https://www.mauldineconomics.com/go/JM546C/MEC Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Download the Mauldin Economics App here: https://community.mauldineconomics.com/download-app Time stamps: 00:00 – Introduction 07:35 – How the deficit is accelerating 15:05 – The evolution of every fiat currency 22:31 – Digital bank runs 32:33 – Taxation of crypto and capital controls 36:26 – India’s central bank digital currency 41:21 – How traceable is bitcoin? 45:31 – How we’ll reset government debt 50:13 – Where to invest now |
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