Lyn Alden’s Latest: Why Currency Devaluation Is Inevitable
On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: The article looks at: When monetary policy is effective versus when fiscal policy needs to take over How short-term debt cycles add up to long-term debt...
September 20, 202036m 30s
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Show Notes
On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: “A Century of Fiscal and Monetary Policy: Inflation vs Deflation”
The article looks at:
- When monetary policy is effective versus when fiscal policy needs to take over
- How short-term debt cycles add up to long-term debt cycles that have very different remedies
- Why long-term debt cycles inevitably end in default or devaluation
- Why the conclusion of the last long-term debt cycle in the U.S. – the 1930s and 1940s – suggests that devaluation is the most likely outcome