Hanno Lustig is a professor of finance at Stanford University and a senior fellow at the Stanford Institute for Economic Policy Research. Hanno is also a former guest on Macro Musings and rejoins the podcast to talk about fiscal dominance, global inflation, interest rates, wealth and equality, and Eurozone challenges. David and Hanno also discuss how to reconcile Treasury yield movements with impending fiscal dominance, why we’re seeing a long-term decline in real interest rates, the early trends in post-pandemic inflation, and more.   Transcript for the episode can be found here.   Hanno’s Twitter: @HannoLustig Hanno’s Stanford profile   David’s Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox!   Related Links:   *What Drives Variation in the U.S. Debt/Output Ratio? The Dogs that Didn’t Bark* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan   *US Government Debt Valuation Puzzle* by Hanno Lustig, Zhengyang Jiang, Stijn Van Nieuwerburgh, and Mindy Xiaolan   *Monetary Science, Fiscal Alchemy* by Eric Leeper