On Tuesday I had a nice opportunity to Chat with GoldMoney’s Andrew Duncan.
I explain why I am a deflationist who likes gold, why most of the Austrians went wrong in ignoring credit, how hyperinflationists are too US-centric in their approaches, and why credit events are more likely (at least in the short-term) to happen in Japan, China, or Europe.
I also discuss currency wars, the deflationary forces of robots on jobs and the balance of trade. On the humorous side, I answer the question as to what I would do if I were put in charge of the Fed.
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Mike “Mish” Shedlock