Last night’s debate on “Deficits, War, and Markets”  brought together Bob Murphy of the Mises Institute and Bard College professor Randall Wray for a clash between Austrian and MMT worldviews, moderated by the “Macro Tourist” Kevin Muir. 

Exploding U.S. deficits, the Fed’s policy path, the geopolitical shock of the Iran war, what it means for stocks, a potential bond market snap to calls for another financial crisis… we covered a lot of ground and here were some highlights for those short on time:

Murphy: “If The Dollar Starts Sinking, It’s Gonna Be Fast”

Even the Keynesian thinks a crash is coming…

https://www.zerohedge.com/economics/murphy-if-dollar-starts-sinking-its-gonna-be-fast

2 hours