We are in this sizable shift where governments will become bigger.

And it's the governments that recognize their job is to support the supply side

that will actually support disinflation and bring prices in line and actually probably

allow their economies to accelerate. It's not going to be about how big is your deficit or how big

is your government. It's going to be have they made the critical shift towards rebuilding the

supply side of their economy or not. And it's not going to be the amount of dollars of government spent that will be most important to the inflation or growth story.

It's going to be how they spent it, which has always been true.

But the idea that government spending could be deflationary, I mean, people are probably turning your podcast off right now, Alan, as I say that, but is a new

theory that we need to consider.

Imagine spending an hour with the world's greatest traders. Imagine learning from their

experiences, their successes, and their failures. Imagine no more. Welcome to Top Traders Unplugged, the place where you can learn from the

best hedge fund managers in the world so you can take your manager due diligence or investment

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and past performance does not guarantee or even infer anything about future performance. Also

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about their product before you make investment decisions.

Here's your host, veteran hedge fund manager, Niels Kostrup Larson.

Welcome and welcome back to another conversation in our series of episodes that focuses

on markets and investing from a global macro perspective.

This is a series that I not only find incredibly interesting, as well as intellectually challenging,

...