I have been a huge fan of Karl Denninger for nearly 15 years. I've wanted to get him on the show for the longest time and finally caught up with him. We discussed a range of topics, including the rise of libertarianism in Argentina, the impact of political leaders and their promises, and the role of fear in shaping human behavior.  They also explored the influence of food on metabolism, the dissatisfaction with current political candidates, and the budgetary situation in the United States. The conversation highlighted the need for political change, the enforcement of laws related to illegal immigration and price fixing, and the need for cost reduction to enhance competitiveness and job creation in the US healthcare system. The discussion also touched on the potential consequences of electing certain leaders, the lack of fear of legal consequences and ethical implications in wiretapping activities, and the societal shift from previous decades. They emphasized the importance of upholding the rule of law and the role of the people in bringing about positive change. The conversation shed light on the significant interest payments made by the Treasury and the complexities of taxable treasury interest, as well as the monopolistic practices in the healthcare system and the need for reducing the overall cost of medical care. Overall, the meeting provided a thought-provoking exchange on a range of pressing issues. Find Karl's prolific work here: market-ticker.org Find Kerry here: FSN and here: Inflaton.Cafe