The Pomp Podcast cover image

#1066 Lyn Aden Gives A Masterclass On Current Financial Environment

The Pomp Podcast

00:00

The Relationship Between Public Debt and Private Debt

Private debt is actually more deflace. Ah, ah, because if you started ta fall and you don't pay loans back, orof things like that, that actually destroys broad money. Both of the biggest private debt bubble collapses in american history were pretty disinflationary periods. And a general theme is that private det bles slowly get resolved by pushing that up to the public level.

Play episode from 14:54
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app