Money, debt, and finance shape the lives of everyone globally, including through the policies and actions of national central banks – yet even those who are well-versed in these subjects often miss the full scope of these intricate relationships. For the average person, headlines about mounting government debt and surging interest rates often feel like a confusing and concerning trend. What can we learn from historical cycles, global energy dynamics, and the differing fiscal strategies of nations about the trajectory of the world economy?

In today’s episode, Nate is joined once more by Lyn Alden for a deeper exploration of the intricate relationships between fiscal dominance, rising levels of debt, and the role of energy in shaping our current financial realities. Lyn explains how a historical analysis shines light on the gaps in economic theories like Keynesianism and Modern Monetary Theory, and what the implications are for our present situation. Using this perspective, they discuss recent trends in Bitcoin, Stablecoins, and Artificial Intelligence – and what further developments in these areas might mean for average people in developed and developing countries alike.

How can a deeper understanding of these dynamics prepare us for the economic challenges ahead? What lessons can we draw from past instances when public debt reached unsustainable levels? And as governments attempt to navigate familiar problems with new approaches, how might individuals prepare for the acceleration of this unstoppable train as we head into an increasingly uncertain future?

(Conversation recorded on May 28th, 2025)

About Lyn Alden:

Lyn Alden is an independent analyst and founder of Lyn Alden Investment Strategy with a background in engineering management. Her work provides institutional-level research in plain English, so that both institutional investors and retail investors can benefit from it. Lyn also serves as an independent director on the board of Swan.com and as a general partner at the venture capital firm Ego Death Capital. She is the author of the 2023 best-selling book Broken Money about the past, present, and future of money through the lens of technology. Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics, systems engineering, and financial modeling. She worked for over a decade as an electrical engineer at the Federal Aviation Administration’s William J. Hughes Technical Center.

Show Notes and More

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Nothing Can Stop This Train: Our Financial Predicament From a Systems Perspective with Lyn Alden

The Great Simplification with Nate Hagens