Economic theory tells us that persistent deficits fuel inflation. Does this rule also apply to our biocapacity deficit, defined as the debt we accumulate with the environment and the planet? We explore this topic in a podcast episode hosted by Douglas Branson, Head of Business Development at Algebris Investments, with contributions from Silvia Merler, Head of ESG & Policy Research, and Gabriele Foà, Co-Portfolio Manager for the Algebris Global Credit Opportunities strategy.