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b'Brad Setser is a senior fellow for international economics at the Council on Foreign Relations where he works on macroeconomics, global capital flows, and financial crises. Brad also served as a deputy assistant secretary at the U.S. Treasury Department from 2011 to 2015 where he worked on Europe\\u2019s financial crisis, currency policy, financial sanctions, commodity shocks, and Puerto Rico\\u2019s debt crisis. Brad joins the show today to talk about global economic imbalances and why we should care about them. David and Brad also discuss emerging market tensions in Turkey, the implications of running current account deficits, and the economic dangers accompanying the existence of a monetary superpower. Brad\\u2019s blog: https://www.cfr.org/blog/Setser Brad\\u2019s Twitter: @Brad_Setser Related Links: *Putin\\u2019s Unlikely Ally in His Standoff With the West: His Central Banker* by Anatoly Kurmanaev https://www.wsj.com/articles/putins-unlikely-ally-in-his-standoff-with-the-west-his-central-banker-1534773380 *Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, & Kenneth Rogoff http://www.nber.org/papers/w23134 David\\u2019s blog: macromarketmusings.blogspot.com David\\u2019s Twitter: @DavidBeckworth Want to get your hands on a signed copy of Tyler Cowen\\u2019s new book Stubborn Attachments before it hits bookstores on October 16th? Rate and review your favorite Mercatus podcast, including Macro Musings, Conversations with Tyler, the Hayek Program Podcast, or the Mercatus Policy Download on Apple Podcasts and you\\u2019ll be entered to win: get.mercatus.org/podcastcontest/'