Mr. Hunt stated that we are living beyond our means. This might be accurate but still, wouldn’t it be even more accurate to say the GOVERNMENT is living beyond our means? 🤔
Probably both, to be accurate. This is why nobody is saving. Remember when banks paid interest in accounts? 1990s and prior years. That policy change is turning out to be disastrous. Moreover, in those years our accounts were not shared with the Bankers, as they are today. In those years. they accepted the risks they took! Not NOW.😮
Thank you Demetri for conducting and uploading this interview. I always appreciate Lacy’s wisdom and intelligence. PS. Ignore the haters in the comments. The intro is just fine. 😊
Ignore the haters is right! Demetri is exceptionally conscientious and clearly tries very hard to provide interesting and valuable info. I often disagree with Demetri and his guests, but I would never criticize the podcast. I subscribe to many macro-oriented podcasts, and this is one of the best I think. If you don't like the intro, fast forward for 15 seconds...
While I generally appreciate Lacy Hunt’s work and his charts, he does fall into the trap of seeing everything through Federal Reserve monetary policy and rates. When you bring fiscal spending into the equation, you get a lot more options so you need to back up a bit and start from basic supply and demand. If food prices are too high, encouraging supply to grow will help alleviate the problem. Counting on the “market economy” to solve something like this only works in a theoretical capitalist system - whereas our system has a lot of regulations, taxes, subsidies, and other distortions which prevent supply from meeting demand. Unfortunately this means that you need government political action to fix things. If politicians simply ignore the problems then the government will remain in the way so that these problems can’t be solved.
Government action is unlikely to override poor monetary policy. While you can help people with something like housing, it would just make cars or healthcare more expensive. You have to stop the excessive government spending or else the standard of living will continue to erode.
@@bellakrinkle9381 Fed chairman is appointed by the president, and confirmed by congress. Spending is also controlled by congress. Congress could probably rewrite the federal reserve act too if it wishes. I view the Fed as being very weak in regards to fiscal policy.
To show the quality of education and established track record, history that gives absolute 💯 credibility. Especially now, when men like Hunt are important. Few know much about anything 😮😮
some of the issues surrounding fiat currency, such as inflation and centralized control, can be described as mathematical facts based on economic principles and observations. Inflation, for example, is a quantitative measure of the rate at which the purchasing power of a currency declines over time, often due to an increase in the money supply. Similarly, the centralized control inherent in many fiat currency systems means that decisions about monetary policy, including the creation and distribution of currency, are made by a relatively small group of individuals or institutions, rather than through decentralized consensus mechanisms. These mathematical facts can indeed shape individuals' perceptions and decisions regarding currency systems and may influence their willingness to explore alternative options like decentralized currencies.
What a waste of my time. To say that you receive no money from advertising - I had to listen to an extremely long introduction marketing both this channel and Dr. Hunt. In addition, I had to listen to numerous adverts and then to top it all after listening to all of this I am told if I want to listen to the end of this interview I have to listen to part 2, which I have to pay for. No thanks!
Lacy, look at rents and housing pricing! It’s extremely unaffordable of all time! Let me guess food prices shouldn’t count either lol Once a fed always a fed. Monetary policy is NOT tight…it’s more lose now than the beginning of the rate hikes. That’s a fact.
Trust me, starts at 20:05 and can by played at 2x speed
thank you
thanks
Learned this the hard way
Mr. Hunt stated that we are living beyond our means. This might be accurate but still, wouldn’t it be even more accurate to say the GOVERNMENT is living beyond our means? 🤔
Probably both, to be accurate. This is why nobody is saving. Remember when banks paid interest in accounts? 1990s and prior years. That policy change is turning out to be disastrous. Moreover, in those years our accounts were not shared with the Bankers, as they are today. In those years. they accepted the risks they took! Not NOW.😮
Who voted for that government? Mexicans?
Thank you Demetri for conducting and uploading this interview. I always appreciate Lacy’s wisdom and intelligence.
PS. Ignore the haters in the comments. The intro is just fine. 😊
Exactly
What haters??
Ignore the haters is right! Demetri is exceptionally conscientious and clearly tries very hard to provide interesting and valuable info. I often disagree with Demetri and his guests, but I would never criticize the podcast. I subscribe to many macro-oriented podcasts, and this is one of the best I think. If you don't like the intro, fast forward for 15 seconds...
While I generally appreciate Lacy Hunt’s work and his charts, he does fall into the trap of seeing everything through Federal Reserve monetary policy and rates.
When you bring fiscal spending into the equation, you get a lot more options so you need to back up a bit and start from basic supply and demand.
If food prices are too high, encouraging supply to grow will help alleviate the problem.
Counting on the “market economy” to solve something like this only works in a theoretical capitalist system - whereas our system has a lot of regulations, taxes, subsidies, and other distortions which prevent supply from meeting demand.
Unfortunately this means that you need government political action to fix things. If politicians simply ignore the problems then the government will remain in the way so that these problems can’t be solved.
Government action is unlikely to override poor monetary policy. While you can help people with something like housing, it would just make cars or healthcare more expensive. You have to stop the excessive government spending or else the standard of living will continue to erode.
Whoa, this guy is on another level. Reminds me of Michael Pettis.
I agree, yet we don't have time to work from the grassroots level. The FED controls policymakers and fiscal/monetary direction. Yes, no?
@@bellakrinkle9381 Fed chairman is appointed by the president, and confirmed by congress. Spending is also controlled by congress. Congress could probably rewrite the federal reserve act too if it wishes. I view the Fed as being very weak in regards to fiscal policy.
The Fed, lender of last resort, is simply where the overspending of Congress meets the real world road. Fed warns about this all the time.
Why do these intros take 5hrs?
To show the quality of education and established track record, history that gives absolute 💯 credibility. Especially now, when men like Hunt are important. Few know much about anything 😮😮
"Transitory" Powell = 5.5% Fed Funds rate. Volcker = 20% Fed Funds rate. Figure it out - we're totally screwed .
Hello!
Where can the second part be seen ?
It's only for premium members ?
yap
Funny when I see a parking lot & everyone has a brand new luxury vehicle you would think are national savings are through the roof !
I'd say just the opposite. People living way beyond their means.
some of the issues surrounding fiat currency, such as inflation and centralized control, can be described as mathematical facts based on economic principles and observations. Inflation, for example, is a quantitative measure of the rate at which the purchasing power of a currency declines over time, often due to an increase in the money supply.
Similarly, the centralized control inherent in many fiat currency systems means that decisions about monetary policy, including the creation and distribution of currency, are made by a relatively small group of individuals or institutions, rather than through decentralized consensus mechanisms.
These mathematical facts can indeed shape individuals' perceptions and decisions regarding currency systems and may influence their willingness to explore alternative options like decentralized currencies.
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
I think you should start uploading videos and not just audio to TH-cam. You would get so much more exposure. Just my 2 pesos. Love your show!
Maybe he only wants follows who can follow the complexities of the content.
Treating US debt the same way one would treat Albanian government’s debt is a huge fallacy.
US debt is base money for rest of the world.
🎉
Was it Bernake, who introduced MMT, that still seems to be alive and well, though hidden 😢 and denied. 😂
The Fed, lender of last resort, is simply where the overspending of Congress meets the real world road. Fed warns about this all the time.
👍‼️👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👏👏👏
What a waste of my time. To say that you receive no money from advertising - I had to listen to an extremely long introduction marketing both this channel and Dr. Hunt. In addition, I had to listen to numerous adverts and then to top it all after listening to all of this I am told if I want to listen to the end of this interview I have to listen to part 2, which I have to pay for. No thanks!
Agreed. I'm not going to watch this channel any more. 👎👎
Dude half the episode was about the guys background - love the show but quite honestly we’re here for the macro - no one really gives a fuck
im pretty glad i found that one comment that showed the time stamp for the good stuff
It looks to me that ODL has actually been increasing since March 2023
How you been D 😊
Lacy, look at rents and housing pricing! It’s extremely unaffordable of all time! Let me guess food prices shouldn’t count either lol Once a fed always a fed. Monetary policy is NOT tight…it’s more lose now than the beginning of the rate hikes. That’s a fact.
That Shelter Policy seems to be the model to drive the economic growth. It has totally backfired. Am I interpreting this correctly???
How could an expert w 50 years experience be so wrong w his models and charts in 2023 - the whole expert class of yield curve focused experts - wrong
Lacy, why would you agree to an interview which must be paid to watch? I am sure they didn't pay you anything.
I kinda wish he would get a bit more into the math. Maybe I should study economics.
Lacey has a son, Mike...nice guy 🤣
I wonder how bad the wealth inequality can get? When do people finally rise up and say “no more”.
No more, what?? What U gonna do? confiscate assets of the rich? Is communism a solution?
What’s up wverybahdee! So lame. Just start the podcast.
You must be autistic. Only these people have petty annoyances. I know, because I react, frequently similarly. 😂😅
more scam artist ads here.