New Episode of UN/BALANCED!

Be sure to check it out if you haven't already.

Michael Pettis and I just released Episode 2, which covers everything from Michael’s experiences with the end of Covid Zero in China to a provocative argument for why Americans (and a few others) may come to embrace inflation.

UN/BALANCED Episode 2: China's Reopening, Incredible Shrinking Surpluses, Russia's Balance of Payments, and Why Aging in Germany Could Lead to Inflation in America

Remember: paid subscribers to The Overshoot can get a substantial discount.