About this episode

Manoj Pradhan discusses his new book on inflation and demographics, challenging conventional economic models.

Today, Manoj Pradhan of Talking Heads macro and Fundamenta capital returns to the show to discuss his new book, co-authored with Charles Goodhart, which serves as a highly anticipated sequel to their prescient work, The Great Demographic Reversal. If you thought the recent era of high interest rates and sticky inflation was just a temporary post-pandemic blip, Manoj is here to explain why the future will be nothing like the past. In this episode, we take a hard look at where mainstream economists are getting it wrong. Manoj argues that conventional macroeconomic models suffer from massive "blind spots" because they largely ignore the ever-growing impact of government debt and housing on real interest rates. We also discuss his fascinating premise that the Phillips curve isn’t dead—China had just put it in a coma. As China's own demographic challenges mount and household savings eventually fall, Manoj argues that the consensus belief that China will continue to export deflation to the rest of the world is fundamentally flawed. The Unanchored Central Banker" by Manoj Pradhan and Charles Goodhart. https://amzn.to/4n7hklU Patrick's Books: Statistics For The Trading…

People in this episode

Host: Patrick Boyle

Guest: Manoj Pradhan

Topics covered

• inflation
• demographics
• macroeconomics
• China
• interest rates
• government debt

Keywords

• inflation
• demographics
• interest rates
• Phillips curve
• China
• government debt
• macroeconomics

Mentioned in this episode

Organizations: Talking Heads macro, Fundamenta capital

Books & works: The Great Demographic Reversal, The Unanchored Central Banker

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