Prof G Markets · Friday, September 11, 2026
The discussion highlights a global trend of "profligate spending" and "debt-fueled spending orgy" across major economies, which is a primary driver of inflation. This strategy is seen as a way to maintain public satisfaction with "cheap calories and Netflix" while transferring wealth upwards.
“Yeah, I think it is. I think it is. We're not unique. Everyone's doing this.”
“I can't, I can't point to an economy that's fiscally disciplined right now.”
“Um, and, you know, the, the, the biggest, most trusted economies in the world, have all adopted this profligate spending strategy, this debt-fueled spending orgy, which results in inflation.”