Today’s podcast is a conversation that includes former Fed Governor Kevin Warsh and my old boss Nobel Prize winner Myron Scholes.  

There is no free lunch and Kevin will explain how excessive government spending has resulted in a surge in inflation and changed the behavior of ordinary Americans on how they spend, save, and take risks. The inflation genie is out of the bottle, and to get inflation under control will require a regime change at the Fed.  This will not be an easy battle to fight, and you should expect chaotic market movements.  

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