Source item
Open original source ↗Why is fiscal dominance inevitable? On U Got Options, I ask @LynAldenContact why "this train doesn't stop." She explains the historical rotation from private debt bubbles to the public ledger.
When the system hits the zero-bound, the only path forward is printing and fiscal injections.
The momentum of 50 years of debt is now the driver. Full episode: https://t.co/YAiBv2MPCR