The Path Through Financial Repression | Charles Calomiris

Описание: Episode 419 is the fifth episode in the Hundred Year Pivot podcast series. In it, Demetri Kofinas and Grant Williams speak with fmr. Chief Economist for the Office of the Comptroller of the Currency, Dr. Charles Calomiris about the sources of America’s economic emergency and what our response to it should be once conditions push the country into a full-blown political crisis at some point over the next few years.

In this incredibly timely conversation, Charles Calomiris explains what new all-time highs in gold and bitcoin—along with rising long-term Treasury yields—suggest about America’s economic emergency and what our response to it should be once conditions push the country into a full-blown political crisis at some point over the next few years.

In this incredibly timely conversation, Charles Calomiris explains what the recent moves in gold, bitcoin, and long-term bond yields suggest about where we are on the path toward financial repression as we explore the implications of this trajectory for investors, businesses, and everyday depositors who will be conscripted in the battle to fight the deficit as the nation moves from spending like a banana republic to inflating like one.

We end the episode with a candid conversation about the sources of both America’s decline and the country’s potential for renewal once the reality of the current crisis becomes impossible to ignore.

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00:00 Introduction
04:21 Fiscal Dominance and Inflationary Tax
07:20 Charles' Background
24:09 Agency Problems in Financial Services
27:20 Political and Economic Constraints
41:32 Inflation and the Future of FinTech
44:36 Tariffs and Cognitive Dissonance
52:24 Political Consequences of Economic Policies
56:30 The Role of Religion and Economics
58:54 Global Human Flourishing Project
01:04:50 Leadership and Sacrifice
01:08:49 The Power of Community and Individual Action
01:18:04 The Role of Music in Social Change
01:21:27 Final Thoughts

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

Follow Demetri on Twitter at @Kofinas

Episode Recorded on 05/22/2025