MacroVoices

MacroVoices Erik Townsend & Patrick Ceresna welcome back, Daniel Lacalle. They discuss monetary debasement, why it will be a primary strategy of governments, and how investment professionals can defend their portfolios from its ill effects. bit.ly/4eRtM4P
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[@Sosi288]

I love when you guys bring Lacalle to the show. He should be on more often. 👍

[@ashsobhani2379]

Excellent and wise guest, one everyone needs to listen to

[@columbiafamilychiro]

That was a master class in economics!!

[@smsfelipe]

This is one of the best podcasts out there, deserves way more views & subs.

[@BatmanBoss]

Thanks guys

[@CatPDX]

This was excellent, thank you!

[@alistairjames1981]

Happy 4th 🇺🇸

[@davep6989]

How can fewer people be working in total (participation rate) if people have to work more jobs than ever to survive?

[@bosund7417]

Good question. It must be that so many people have benefited from asset inflation. I'm still working age, but I left the workforce when the Covid madness emerged. I have a few rental properties for income, some equity accounts, BTC, etc. It's enough to get by. People without assets aren't so lucky and have to work harder and harder to catch up.

[@henrikwigilius2855]

Thank you for another interesting episode! The discussion concerning budget deficite and inflation doesnt make any sense to me. In Sweden we have had budget surplus and low national debt for a long time. Still we also suffer from massive inflation.

[@aza109954]

How does the economic concept of externalities fit into the idea of zero public spending?

[@rocking1313]

Thanks Daniel - Basically, as far as investing in US stocks goes, nothing to worry about for the next few years. Fixed Income is neither fixed nor income and should be avoided !

[@luisluis5306]

So hold gold and invest in US stocks?

[@mkayultra3738]

What economic stagnation?

[@pancho_]

Grande DL

[@KeepYourHead899]

Erik is usually thoughtful but I believe that he is presenting a caricature of San Francisco and San Franciscans in his arguments. I believe that San Franciscans are more social justice warriors than socialists and probably underestimate a person's ability to act in their own self interests while overestimating a maximizing a corporation's ability to act in their own self interests. It certainly wasn't socialism that caused a large growth in the money supply of the United States or to bail out major corporations from the Savings and Loan crisis, the Long Term Capital Management Crisis, the Great Financial Crisis (2008), the Bank Term Funding Program, and whatever else will soon come along. I agree with many of the points of Erik and the guest but this is sort of misguided strawman argument when no one is really considering socialism (not even Bernie Sanders) and it really is some capitalists with conflicts of interest influencing government and monetary policy. I think a better case can be made against capitalists that a) promote monopolies and oligopolies rather than competition and b) want monetary policy and government bailouts that protect them from creative destruction of capitalism.

[@easterntechartists]

Why he says re and pm over industrials?

[@crouchhill]

Some people commenting here, need to know the difference between true Capitalism and Corporatism.
Always love listening to Dan the Man 😊

[@gzme]

When Erik describes the doomsday bloggers worrying about 5% interest rates, does he include himself in that group?! Myself as well to be fair haha.

[@SiNKiLLeR_]

Hard to see anything but they keep printing and nothing happens but our living standards decline.

[@earlgrey6589]

I usually don’t comment but I have to say that his argument of blaming everything under the sun on socialism was very weak. It would’ve been nice to hear exactly how he had come to those conclusions and for him to give a definition of socialism

[@Erikpdx]

A bit naive to think statism is the only source of irresponsible behavior in markets. In most cases, the government, at worst, enables the behavior and the private sector pulls the trigger in the pursuit of more excess

[@nickeaton1255]

how does this dude ever make any money, perma bear Austrian crank

[@TaxCattle4CorruptDeepState]

comparison to 1960s is so relevant.

[@Dandy852]

Let’s hope better than last weeks leftard guest