David Stockman, director of the Office of Management of Budget under President Reagan and mas­ter of mazy budgetary arithmetic, joins Jim and Evan for a scintillating discussion of fiscal and monetary matters.

0:00 The #Simpsons foreshadowing

3:20 Deficits and #debt monetization. What’s the harm?

9:01 Requiem for a #bond bull market

15:30 Sell what the #central banks are selling

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