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Brent Johnson of Santiago Capital created the "dollar milkshake" theory, which says that in a global sovereign debt crisis, the USD, gold, and US stock market will all rise. He joins Bob for a friendly disagreement over the dynamics of a decline in foreign demand to hold USD.

The ZeroHedge Debate: Mises.org/HAP437a
Bob's Post-Game Analysis of the Debate: Mises.org/HAP437b
Brent Johnson Explains The Dollar Milkshake Theory: Mises.org/HAP437c
Bob's Article, 'What Does "Debt-Based" Money Imply for Interest Payments?': Mises.org/HAP437d

Human Action Podcast listeners can get a free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization: Mises.org/HAPodFree

Enter to win free admission to the Human Action Conference: Mises.org/HARaffle

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Episode description

The Fed's Milkshake Brings All the Foreigners to the Yard

Episode description