The Hundred Year Pivot Ep. 5 - Charles Calomiris | The Grant Williams Podcast

In this episode of The 100-Year Pivot, Grant Williams and Demetri Kofinas interview Charles Calomiris about fiscal dominance, government debt, and the potential for inflation. Calomiris discusses the contingent nature of market and government interactions, emphasizing the importance of political will and the impact of demographic trends on fiscal sustainability. The conversation explores potential scenarios, including the role of tariffs, the response of the Federal Reserve, and the future of fintech. The discussion broadens to encompass moral and spiritual dimensions, touching on the decline of religious engagement and the need for leadership and sacrifice to address the challenges facing democracies. They conclude with the importance of individual action and community engagement in fostering positive change.

Outlines

Part 1: Introduction and Context

Part 2: Economic Analysis and Policy

Part 3: Societal Values and Leadership

Sign in to continue reading, translating and more.

Continue

The Hundred Year Pivot Ep. 5 - Charles Calomiris

The Grant Williams Podcast

Part 1: Introduction and Context

Introduction to Fiscal Dominance and Guest Introduction

Calomiris's Recent Activities and the Contingent Nature of Fiscal Crisis

The Arithmetic of Unsustainable Debt and the Bond Market's Reaction

Part 2: Economic Analysis and Policy

Agency Problems, Hedging Demand, and the Demographic Challenge

Inflation as Taxation and Potential Policy Responses

Tariffs, the Dollar, and the Lerner Symmetry Theorem

The Impact of Tariffs and the Moral Degradation of Society

Part 3: Societal Values and Leadership

Human Flourishing, Leadership, and the Need for Sacrifice

Leadership, Sacrifice, and the Inevitability of Crisis

Finding a North Star and Taking Action

The Hundred Year Pivot Ep. 5 - Charles Calomiris

The Grant Williams Podcast

Part 1: Introduction and Context

00:10Introduction to Fiscal Dominance and Guest Introduction

Introduction to Fiscal Dominance and Guest Introduction

04:56Calomiris's Recent Activities and the Contingent Nature of Fiscal Crisis

Calomiris's Recent Activities and the Contingent Nature of Fiscal Crisis

16:41The Arithmetic of Unsustainable Debt and the Bond Market's Reaction

The Arithmetic of Unsustainable Debt and the Bond Market's Reaction

Part 2: Economic Analysis and Policy

24:51Agency Problems, Hedging Demand, and the Demographic Challenge

Agency Problems, Hedging Demand, and the Demographic Challenge

30:44Inflation as Taxation and Potential Policy Responses

Inflation as Taxation and Potential Policy Responses

39:24Tariffs, the Dollar, and the Lerner Symmetry Theorem

Tariffs, the Dollar, and the Lerner Symmetry Theorem

47:22The Impact of Tariffs and the Moral Degradation of Society

The Impact of Tariffs and the Moral Degradation of Society

Part 3: Societal Values and Leadership

55:56Human Flourishing, Leadership, and the Need for Sacrifice

Human Flourishing, Leadership, and the Need for Sacrifice

1:07:14Leadership, Sacrifice, and the Inevitability of Crisis

Leadership, Sacrifice, and the Inevitability of Crisis

1:19:19Finding a North Star and Taking Action

Finding a North Star and Taking Action