This podcast episode explores various economic policies and challenges, including the relationship between inflation and the national debt, the impact of industrial policy on inflation, the role of service industry subsidies in inflation, the significance of the Federal Reserve's balance sheet, the concept of NGDP targeting, the need to rethink global trade rules, the trend of geopolitical blockization of trade, the concept of de-dollarization, perceptions of Modi's leadership in India, the contradictory history of America, the speaker's views on US participation in wars, and the reasoning behind Japanese intervention in the yen. The conversation provides insights into these topics and raises thought-provoking questions about their implications.
