We recently posted Kyle Bass’s keynote speech at the Americatalyst 2012 conference [5]. One of the main threads running through his thesis is the “Keynesian Endpoint”; covering debt super-cycles, the Federal Reserve’s inability to move rates from 0% and the (unintuitive) interconnectedness of sovereign default and hyperinflation. By way of clarification to global Ponzi we discussed earlier [6], Addogram has created [7] an excellent infographic plotting the development of these ideas and mechanisms from 1792 to the present day.
[7]