Summary: Scott Sumner (@scottsumnertmi), economist and author of The Money Illusion, and Lyn Alden (@LynAldenContact), investment strategist, join Erik on this episode to discuss:<br><br>- Whether monetary policy has been too expansionary.<br><br>- Where Lyn and Scott differ on inflation.<br><br>- Why interest rates have declined over the last several decades.<br><br>- The nuances of the correlation between growth in money supply and CPI.<br><br>- Potential downsides to being the global reserve currency.<br><br>- Why the US has been able to run trade deficits without a day of reckoning (so far).<br><br>- The bull and bear cases for the US and China.<br><br>- Why the US has been able to dominate the world in high-tech industries.<br><br>Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. <br><br>Check us out on the web at <a href="http://www.villageglobal.vc" rel="noopener">www.villageglobal.vc</a> or get in touch with us on Twitter @villageglobal.<br><br>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. <a href="http://www.villageglobal.vc/signup" rel="noopener">www.villageglobal.vc/signup</a>
