Luke Gromen, founder and president of FFTT, returns to Real Vision to discuss why he believes U.S. inflation being transitory is highly improbable, citing the unlikely outcome of the U.S. government downsizing itself as the only way to prevent this as his reasoning. Gromen will also discuss why, in spite of this, he does not see accelerated monetary policy normalization to fight this inflation and argues that the key to this normalization is a much lower debt to GDP ratio, which can only be caused by stimulus driven growth and YCC.