The Meb Faber Show, Released on 6/12/26

In today’s episode, Jim Grant explains why AI may be one of the greatest bubbles of all time, alongside the railroads and the dot-com era. He reframes deflation as progress, questions how murky the $2 trillion private credit market is, and explains why the Fed can’t aggressively fight inflation. To close, Jim makes his case for gold and revisits 1984, which he calls the clearest example of how strange markets can be.

(0:00) Starts
(0:39) Jim Grant on AI mania
(12:23) The economic implications of inflation & deflation
(19:56) Interest rates and private credit concerns
(27:13) The Fed’s inflation target
(41:10) How to fix the Federal Reserve
(45:09) The history and role of gold in portfolios
(54:34) Jim’s most memorable investment
(57:28) Historical periods to study

James “Jim” Grant is an American writer and publisher and the founder of Grant’s Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the “Financial Times”, “The Wall Street Journal” and “Foreign Affairs.”

  AI, economy, gold, inflation, investing, stock market