Originally aired on 1/18/2022.

Joe McPhail discusses his journey that led him to dive deeply into inflation research back in 2015, at the beginning of the earnings recession. The aftermath of this event led many countries in Europe to adopt negative interest rate policies. This sent shockwaves to many economists - how could governments get paid to borrow money?

McPhail was fascinated by this situation and went down a rabbit hole where he spent tremendous amounts of time reading and writing to get answers. This livestream goes over many of the insights from his research and how they apply to our economy today.