Listeners of the Forward Guidance podcast are in for a real treat today. Jack interviews noted economist and former central banker Dr. William White, who served on the front lines of monetary policy for over half a decade. White, a stern critic of the easy money policy that preceded the 2008 Great Financial Crisis, argues that ultra-low interest rates threatens financial stability and creates a bevy of unintended consequences such as flash crashes, overvalued asset prices, and abrupt illiquidity. Dr. White shares his views on whether the U.S dollar’s status as the world’s reserve currency is sustainable, and why bond yields remain low in face of the red-hot inflation that has descended on so many countries. Lastly, Dr. White makes the case that these economic woes are but one of the major four challenges world faces, with the other three "Four Horsemen" being in the spheres of politics, public health, and the environment.