A primer on debt cycles with a central role for central bankers.

I thought this video was interesting enough to warrant a look into his newest book A Template for Understanding Big Debt Crises" which is the macroeconomic framework his hedge fund uses (to great benefit--their flagship fund went up 14% in 2008 when others were down over, well, a lot). I don't know if it's new knowledge per se or if it's simply that the timing of my economics education is such that I can now comprehend "inflationary depression versus deflationary depression" but I think this book is great so far (20% into it).