Debt crisis

The argument is that's not going to work.

That's not the recipe for fixing a debt problem.

The recipe for fixing a debt problem is restraining spending or increasing revenue through tax increases.

Or, and I think this is important because we've heard some of this from the Treasury Secretary, growing the productive capacity of the U.S. economy.

I wouldn't rule that out as a potential avenue for dealing with the debt stock.

is that eventually, and this might even have been part of the whole Volcker disinflation back in the early 80s, was that the pain of higher interest rates was too much and it became politically salient.

And that's what got the Fed to do its work.

but on actually cutting spending and raising taxes to fix a deficit and debt problem.

Guru

... it's just, whilst at the same time wishing to, I think, try and create some sort of equivalence with Burnham and Labour in terms of what is going on with the debt crisis at the moment, the sort of thing that we saw with Liz Truss, is, is comic.

I mean, it's comic.

I mean, Emily's already, uh, talked about some of it.

So that's on the one side, on the technology side, and how much AI is used.

And other side, we've got this whole global debt problem.

We're seeing some sell-off in bonds.

It can get worse.

We've got your notes here from a macro crypto newsletter looking at this week's massive catalysts.

We have some absolutely terrifying research from Bravos on Japan's debt crisis.

That one is, is huge.

Yeah, and the insights from Paul Barron and Grayscale's Zach Pandl on dollar debasement.

You'll see that while all these day traders are obsessing over a potential quarter point rate cut from the Fed, they are staring at the wrong tectonic plate entirely.

Wow.

Well, let's get into that Bravo's research report on Japan's debt crisis.

Mm.