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Grant’s Current Yield Podcast

He begs to differ

Grant’s Current Yield Podcast

Grant's Financial Publishing, INc.

Investing, Business, Stockmarkets, Financeexpertjimgrantoninvestment, Realestatefederalreserve, News, Business News

4.6693 Ratings

🗓️ 13 August 2019

⏱️ 22 minutes

🧾️ Download transcript

Summary

Tuomas Malinen, PhD (econ.) CEO of GnS Economics Limited and Adjunct Professor of Economics at the University of Helsinki, calls in to express his concerns with modern theory and practice.

2:00 Applying scientific principals to economics

6:24 Groupthink in action

13:10 Central banks and intellectual dissent  

15:20 MMT: the endgame

17:32 Investment implications

Subscribe to Grant’s Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

Transcript

Click on a timestamp to play from that location

0:00.0

Ladies and gentlemen, welcome to Current Yield.

0:06.5

This is Grant's interest rate observer of the air.

0:09.1

And I am Jim Grant with you and with me as always, Eric Whitehead, who is sitting to my left.

0:13.3

He's just rather informally today is Eric.

0:15.1

We're going to the Mets game.

0:16.2

Yeah, after this podcast, that's the truth of it.

0:19.0

Weather permitting.

0:20.0

We don't care if it's range. We're going to go, at least.

0:21.9

Correct.

0:22.3

And the great Evan Lorenz, who is the deputy editor of Grants, is sitting across from me

0:26.2

and Phil Grant, from whom you have already heard.

0:28.3

He's the Mets fan.

0:29.0

He's sitting to my right.

0:30.0

And on the long-distance telephone from as far away as Finland, not Finland, not Finland, Pennsylvania. We're talking about Finland as Thomas Malin, who we think

0:39.3

is the clearest voice of reason in economics from the entire European continent. Yeah, that's the

0:45.9

consensus here at Grant. So Thomas, besides being the clearest voice in economics in Europe,

0:51.4

you're also the CEO of GNS Economics Limited, an adjunct professor of economics at the

0:57.6

University of Helsinki and vice chairman of Euro think tank. So with all of that, we welcome you.

1:03.4

Thank you. We think these are quite modest people for that. There is a lot of, I always continue

1:08.7

that to be an overstatement, but thank you.

1:12.4

I'll try to be the voice of reasons.

1:15.4

Yeah.

...

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