(Conversation recorded on March 14th, 2024)
Show Summary:
On this episode, Nate is joined by financial analyst Michael Every to discuss global macro trends in economics, politics, and social movements. By taking a wide-view lens of current events, we can better see how seemingly isolated events interconnect and what mainstream economic theories tend to miss. What do rising political tensions and dissatisfaction around the globe amidst increasing GDP tell us about the accuracy of our economic measures? How much are geopolitical conflicts and supply chain disruptions contributing to current inflationary pressures? And what can we learn from current economic models as we steer towards a new system with lower energy throughput in a multipolar world?
About Michael Every:
Michael Every is Global Strategist at Rabobank Singapore analyzing major developments and key thematic trends, especially on the intersection of geopolitics, economics, and markets. He is frequently published and quoted in financial media, is a regular conference keynote speaker, and was invited to present to the 2022 G-20 on the current global crisis. Michael has lived and worked in 9 countries and been in the industry for nearly 25 years, with previous roles at Silk Road Associates, the Royal Bank of Canada, and Dun & Bradstreet. He holds a BA from Lancaster University, and a master’s degree from University College London.
For Show Notes and More visit:
0:00 - Intro
2:00 - The Metacrisis
6:22 - Maslow and Tikkun Olam
10:49 - Steve Keen
16:30 - Neoclassical Economics
20:16 - Values in Economics
26:11 - The Many -Isms of the Metacrisis
32:21 - Inflationary Forces
36:26 - Modern Monetary Theory
48:51 - Debt
52:04 - Wealthy Inequality
57:59 - Morality in Economics
1:04:22 - Low and High Interest Rates
1:13:22 - Effects of a Trump Reelection
1:21:01 - How Do Investors Miss Geopolitical Risks?
1:29:14 - Dedollarization
1:35:22 - Will Wall Street Ever Factor In Ecosystems?
1:41:16 - Personal Advice
1:46:49 - What Would You Do With a Magic Wand?
#thegreatsimplification #natehagens #capitalism #economics #finance