New CNBC Interview: QE Is Debt Cancellation

This morning I was interviewed on CNBC Asia in Hong Kong.  We discussed how central banks around the world are effectively cancelling trillions of dollars worth of government debt.  Here’s the link to the interview:

This is a very important subject with incredibly important policy implication, but few people understand it.  I hope you will also watch the Macro Watch video that explains how this works in detail.  Just click on the video image below (no password or membership required):

Finally, if you have not yet subscribed to Macro Watch, you should.  Click on the link below.  For a 50% discount, when prompted, use the coupon code: cnbc



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