Boom Bust Season 1 Episode 38 Gonzalo Lira On Hyperinflation and Cullen Roche On Economic Myths

In the thirty-eighth episode of the first season of the show Boom Bust, two experts in the field of economics are invited to share their insights. The first guest, Gonzalo Lira, provides his perspective on hyperinflation and the economic factors that lead to its occurrence. Lira is a well-known Chilean-American author, filmmaker, and blogger who has frequently commented on financial markets and economics. During his segment, Lira dives into the structural reasons behind hyperinflation and how it can be avoided. He emphasizes the importance of understanding the historical context in which hyperinflation has occurred and the role that government policies have played in exacerbating the problem. He also addresses concerns around the potential for hyperinflation to emerge in the current economic climate, specifically in the context of the COVID-19 pandemic.

The second guest on this episode is Cullen Roche, who discusses economic myths that persist in popular discourse. Roche is the founder of Orcam Financial Group, a financial research firm, as well as the author of the popular financial blog Pragmatic Capitalism and the book "Understanding the Modern Monetary System: What You Can't Learn in College." Roche points out some commonly-held beliefs about economics that he feels are either misinterpreted or simply untrue, such as the idea of the national debt as a burden that will eventually have to be paid back, the idea that the Federal Reserve is an entirely independent organization, and the idea that quantitative easing is inherently inflationary. He argues that understanding the true nature of these phenomena is crucial to understanding how the economy operates and what policies are necessary to support its continued growth.

Throughout the episode, the show's hosts engage with their guests, asking follow-up questions and eliciting further details on the points being made. They also provide broader economic and financial news updates, highlighting stories and trends that are relevant to their audience. The show aims to provide a space where experts can share their expertise and insights on topics that are frequently misunderstood or ignored in mainstream media. By featuring guests with diverse perspectives and experiences, Boom Bust seeks to empower viewers to make informed decisions about their own financial lives and to engage more deeply with the economic issues that shape their world.