Part 5/9:
The conversation shifted toward political strategies, particularly Trump's approach to addressing the national deficit. Fleckenstein questioned the viability of meaningful cuts in government spending without addressing entitlement programs — a politically charged topic that typically remains “off the table” unless driven by urgent circumstances or crises.
During their dialogue, both host and guest agreed on the necessity for substantial economic reforms. They also touched on the implications of having a crisis, emphasizing that the right expertise is crucial in navigating any potential fiscal disaster. In Fleckenstein’s view, it is imperative that the administration surrounds itself with knowledgeable individuals who have the experience to handle complex financial situations that may arise.