David is joined this week by Stephen Miran, lead portfolio manager of Amberwave Partners and a recent Treasury Department economist in the Trump administration. Together, the two wrestle through questions of monetary-policy efficacy, the right criteria for governmental “support” to an economy, and the future of global macro in an era where leveraged beta (i.e. “the easy money”) is harder to come by. It is a discussion that covers a lot of ground and will leave you wanting more.