Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, and Lyn Alden (@LynAldenContact), investment strategist, join Erik on this episode to discuss:

- Whether monetary policy has been too expansionary.

- Where Lyn and Scott differ on inflation.

- Why interest rates have declined over the last several decades.

- The nuances of the correlation between growth in money supply and CPI.

- Potential downsides to being the global reserve currency.

- Why the US has been able to run trade deficits without a day of reckoning (so far).

- The bull and bear cases for the US and China.

- Why the US has been able to dominate the world in high-tech industries.

Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. 

Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.

Want to get updates from us? Subscribe to get a peek inside the Village. We’ll send you reading recommendations, exclusive event invites, and commentary on the latest happenings in Silicon Valley. www.villageglobal.vc/signup