Messes, Messes Everywhere
When Politics, Monetary Policy, and the Currency Collide
17 April 2025… good morning!
The usual “daily thread” that turned into a note with more charts than the chat could handle…
First, I want to flag that the talented and incredibly hardworking Demetri Kofinas of the Hidden Forces podcast has released a discussion with me and my friend Le Shrub which we recorded earlier this week — you can find it here, or any platform where you get your podcasts. I would encourage you to sign up for Hidden Forces — Demetri is a great interviewer and a thoughtful host (actually I’ve never seen anyone prepare as much for a discussion as he does — the guy puts in the work). There is no commercial relationship here, I just like the guy and enjoy his podcast. The first hour is free to the public — I hope you enjoy our discussion.