n this episode of Click Beta, Dave Nadig, Matt Zeigler, and Jason Buck go deep on the messy realities of U.S. fiscal policy, the politics of taxation and spending, and what it really means to “get our fiscal house in order.” They dig into the latest tax bill, the implications for business owners and local economies, and the broader consequences for American hegemony and cost of capital. Along the way, they explore MMT, VATs, FX sentiment, AI's role in tax planning, and the surprising policy influence of farmers. It’s a candid, unscripted, and often hilarious look at the issues that actually matter.Main Topics Covered:Why the math of austerity doesn’t add upWhat a “fiscal house in order” really looks likeThe hidden consequences of the new tax billState vs. federal policy shiftsLabor, wage incentives, and restaurant economicsMMT, bond markets, and inflation dynamicsThe underrated power of FX as a policy gaugePrivate credit, pork spending, and political realitiesTax planning as the new alpha for advisorsExchange funds, 351 ETFs, and solving concentrated wealthThe commoditization of portfolios and rise of tax-focused RIAs

In this episode of Click Beta, Matt Zeigler, Dave Nadig, and Jason Buck bring their financial expertise to the table for an unfiltered discussion about today's most pressing economic issues. Unlike other finance podcasts that chase headlines, Click Beta aims to show viewers how industry professionals actually think through complex topics behind the scenes. The hosts dissect current events with a focus on practical implications rather than sensationalism, drawing from their daily interactions with clients and markets.

Key topics covered:

Strategic Reserves & Sovereign Wealth Funds - A critical examination of recent proposals for a US cryptocurrency reserve and whether sovereign wealth funds make sense for America's economic structure

Private Credit Markets - An insider's look at the risks and opportunities in private credit, with warnings about illiquid assets being packaged in liquid wrappers

Media Consumption & Analysis - How financial news is framed and packaged, with advice on finding reliable information amid the noise

Investment Philosophy - Personal perspectives on portfolio construction in uncertain times, diversification strategies, and the psychology behind financial decision-making

Through their conversation, the hosts offer valuable insights for investors trying to separate meaningful market movements from political theater while maintaining a long-term perspective.