Inflation, Debt, and The Fed (Part 2) with Scott Sumner and Lyn Alden

Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, and Lyn Alden (@LynAldenContact), investment strategist, join Erik on this episode to discuss:

- Whether monetary policy has been too expansionary.

- Where Lyn and Scott differ on inflation.

- Why interest rates have declined over the last several decades.

- The nuances of the correlation between growth in money supply and CPI.

- Potential downsides to being the global reserve currency.

- Why the US has been able to run trade deficits without a day of reckoning (so far).

- The bull and bear cases for the US and China.

- Why the US has been able to dominate the world in high-tech industries.

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