In part two of this national debt series, we explore how households and businesses, including commercial banks, can choose not to participate in what some call a national debt ponzi scheme. We also look at how central banks and federal governments monetize the national debt using quantitative easing. Sponsors Yahoo Finance LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes Credit and Liquidity Programs and the Balance Sheet: Federal Reserve liabilities—Board of Governors of the Federal Reserve System As of and for the Years Ended December 31, 2019 and 2018 and Independent Auditors’ Report—The United States Federal Reserve System Different types of central bank insolvency and the central role of seignorage by Ricardo Reis How do central banks control inflation? A guide for the perplexed by Laura Castillo-Martinez and Ricardo Reis Can the Central Bank Alleviate Fiscal Burdens? by Ricardo Reis Ricardo Reis Tweets on Monetizing the National Debt M2—Federal Reserve Economic Data Assets: Total Assets: Total Assets: Wednesday Level—Federal Reserve Economic Data Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level—Federal Reserve Economic Data Americans Reported Strong Personal Finances Late Last Year, Fed Finds by David Harrison—The Wall Street Journal A Complete Guide to Understanding and Protecting Against Inflation—Money For the Rest of Us A Complete Guide to Investing in TIPS and I Bonds—Money For the Rest of Us See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why global small-cap stocks have underperformed large-cap stocks and will the trend continue? The investment case for allocating to global small caps. Topics covered include: How have small caps performed relative to large caps over the past two decadesWhat factors contributed to the underperformanceHow quality is an important factor to consider when investing in small capsWhat are the earnings prospects for small-cap stocksWhy small-cap stocks could deliver double-digit returns over the next decade Sponsors Yahoo Finance Monarch Money – Get an extended 30-day free trial Our Premium Products Asset Camp Money for the Rest of Us Plus Show Notes US small-caps suffer worst run against larger stocks in over 20 years by George Steer—The Financial Times Small stocks, big problems by Robin Wigglesworth—The Financial Times The Death of Small Cap Equities? by Chris Satterthwaite—Verdad The Quality of New Entrants by Chris Satterthwaite—Verdad Related Episodes 466: Does Dividend Investing Still Work? 370: Should You Invest in Small-Cap and Mid-Cap Stocks? 253: Are IPOs the New Ponzi Scheme? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.