cover of episode Rudy Havenstein — How to Fix America’s Accountability Crisis (EP.255)

Rudy Havenstein — How to Fix America’s Accountability Crisis (EP.255)

2025/2/13
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Jim O'Shaughnessy
美国著名投资者和量化股票分析先驱，创立了奥沙恩斯资产管理公司，并著有多本投资经典著作。
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Rudy Havenstein
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Jim O'Shaughnessy: 我认为恶性通货膨胀会对社会造成极大的破坏,历史上的魏玛共和国就是一个典型的例子。虽然美国是世界储备货币,但我们不能掉以轻心,认为恶性通货膨胀不可能发生。 Rudy Havenstein: 我认为美国不能自认为特殊,可以为所欲为,必须小心对待货币化债务的危险路径。恶性通货膨胀不是高通胀,而是一种货币崩溃,两者有本质区别。如果世界储备货币也走上恶性通货膨胀的道路,那将摧毁美国和人民。我们不能因为自己是美国人,就认为可以一直为所欲为,我们需要换位思考。美国对其他国家实施制裁,实际上是在告诉他们不要把钱放在美国资产里,因为美国可能会没收他们的东西。美国并非特殊,也会犯错;FOMC 现在认为他们比 1923 年的德国国家银行聪明得多,但我并不这么认为。

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Chapters
The conversation begins by discussing hyperinflation, using historical examples like Weimar Germany and Venezuela. The guest clarifies that while not imminent, the US's monetization of debt puts it on a dangerous path.
  • Hyperinflation is a currency collapse, not just high inflation.
  • Monetizing debt is a dangerous path for any nation.
  • The US is not immune to economic crises despite its status as the world's reserve currency.

Shownotes Transcript

Rudy Havenstein is a writer and satirist known for his sharp critiques of America’s sprawling institutions and the elites who run them.

He joins the show to discuss the accountability crisis in America — how it manifests across political life and, most importantly, what we can do to fix it.

Important Links:

Show Notes:

  • Why we should fear hyperinflation
  • “The Fed is Congress’ drug dealer”
  • The Great Financial Crash & America’s accountability crisis
  • How to disagree agreeably
  • How democracy REALLY works
  • Why we should bring back Glass-Steagall
  • The problem of cluelessness
  • Solutions to the accountability crisis
  • What has happened to investigative journalism?
  • Why partisanship is overstated
  • Rudy as World Emperor
  • MORE!

Books Mentioned:

  • Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval; by Jon Hilsenrath
  • Deterring Democracy; by Noam Chomsky
  • The Rule of Nobody: Saving America from Dead Laws and Broken Government; by Philip K. Howard