{"podcast":{"title":"Less Noise, More Signal","slug":"less-noise-more-signal-7015424","podcast_index_feed_id":7015424,"rss_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw","website_url":"http://www.lessnoise-moresignal.com","image_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/files/COVER_ART---DEFAULT---432e0179-9b61-4c8d-9e34-6325f646bf05.jpg","author":"Less Noise, More Signal","episode_count":135,"summary":"Welcome to Less Noise, More Signal. In a world saturated with news, hype, and endless chatter, finding clarity can seem like searching for a needle in a haystack. I’ve taken on this challenge and made it my mission to cut through the noise by amplifying the signal. Who am I? I’m Pascal Hügli. With a background in political philosophy, a career in investment management, and a deep expertise in Bitcoin and digital assets, I’m here to explore the ideas and connections that others do not bother to see. It’s not just about finding the right answers; it’s about asking the right questions. In each episode, I interview the most insightful thinkers in their respective fields. Every guest contributes a vital piece to the puzzle, helping us form a clearer picture of the forces shaping our world of macro, finance, and money. Listen in as my guests and I tilt the balance from noise to signal, one podcast episode at a time. Ready to elevate your understanding? Let’s dive in.","last_synced_at":"2026-06-18T06:17:33.404992+00:00","page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424"},"episode":{"title":"The Macro Model You are Using is Probably Broken","slug":"the-macro-model-you-are-using-is-probably-broken","published_at":"2026-04-02T16:00:00+00:00","page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424/the-macro-model-you-are-using-is-probably-broken","show_page_url":"https://stenobird.com/podcast/less-noise-more-signal-7015424","url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/items/1dxtd6rlvK34BKhMcMcq/files/AUDIO---DEFAULT---2a728c07-185c-4296-b596-c48699e364c5.mp3","audio_url":"https://feeds.fountain.fm/Tkp8ve9N2p86ZGOVfvrw/items/1dxtd6rlvK34BKhMcMcq/files/AUDIO---DEFAULT---2a728c07-185c-4296-b596-c48699e364c5.mp3","summary":"▬▬▬ DISCUSSION ▬▬▬▬▬▬▬▬▬▬ 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk ▬▬▬ EPISODE ▬▬▬▬▬▬▬▬▬▬ In this episode, dive into a comprehensive discussion on modern monetary theory, macroeconomic modeling, and how fiscal flows influence markets and assets like Bitcoin with Douglas Padgett -- a macro researcher and founder of Applied MMT. He shares his insights on government spending, private credit cycles, and the importance of flow analysis for market forecasting. Follow Douglas Padgett 👉 https://x.com/MMTmacrotrader ▬▬▬ SUPPORT ▬▬▬▬▬▬▬▬▬▬ ⚡️LNMS on Lightning: lnms@ln.mtpelerin.com ₿ BTC-Address: bc1qmk7gfdnrdegnmnrtnacj6rslan0y6v29kdlf9p 💵https://buy.stripe.com/9B600k5Tscv33Ue4zRdby00 Twint: https://go.twint.ch/1/e/tw?tw=acq.Z7L1opJwS72nbGgEMY4w3ILkf67JAEyEFmXrtoKoUbONWSsjLDDQIhNx5ReanPy7. ▬▬▬ LINKS ▬▬▬▬▬▬▬▬▬▬ 📰 LNMS Newsletter: https://lessnoisemoresignal.substack.com/ 🎧 LNMS on Apple: https://tinyurl.com/4apksnyn 🎧 LNMS on Spotify: https://tinyurl.com/ttha8kku 🎧 LNMS on Rumble: https://tinyurl.com/4k96c7tw 🎧 LNMS on Fountain: https://tinyurl.com/5dsbbj5p 🌐 LNMS Website: https://www.lessnoise-moresignal.com/ 📖 Bitcoin Book: https://www.amazon.de/dp/1967693013 🎧 LNMS on YouTube: https://tinyurl.com/4jfhr4zn ▬▬▬ SOCIALS ▬▬▬▬▬▬▬▬▬▬ Follow on X👉 https://x.com/pahueg Follow on Nostr 👉 https://primal.net/pascal Follow on LinkedIn 👉 https://www.linkedin.com/in/pascal-huegli/ ▬▬▬ CHAPTERS ▬▬▬▬▬▬▬▬▬▬ 00:00 Intro 01:32 Why traditional textbooks overlook the real macro regime post-1970s 02:02 Douglas's background: Austrian roots and transition to MMT-based macro analysis 04:18 Core ideas of Modern Monetary Theory and government’s role in creating financial assets 12:39 Defining applied MMT: profits, profits sources, and the profit cycle 15:17 How government spendi…","meta_description":"▬▬▬ DISCUSSION ▬▬▬▬▬▬▬▬▬▬ 💬Join the discussion on Telegram: https://t.me/+OgDv1Djbvs80M2Fk ▬▬▬ EPISODE ▬▬▬▬▬▬▬▬▬▬ In this episode, dive into a comprehensi…","key_points":[],"chapters":[],"topics":[],"duration_seconds":4898,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/less-noise-more-signal-7015424/episodes/the-macro-model-you-are-using-is-probably-broken/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/less-noise-more-signal-7015424/the-macro-model-you-are-using-is-probably-broken.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}