The topic of 'Debt and Deficits' is explored in the provided podcast episodes, highlighting the implications and potential consequences of high levels of debt and deficits in the US economy.

In the first episode, The Changing World Order & the Power of Diversification - ft. Ray Dalio, the discussion touches on the need to balance the needs of debtors and creditors and the potential consequences of excessive debt. Similarly, in the second episode, #1039 - Will Dollar Weakness Bring Rate Cuts? With Dr. Komal Sri-Kumar and Dale Pinkert, the economist Dr. Komal Sri-Kumar discusses the challenges posed by the high levels of debt and deficits in the US economy and how these factors limit the flexibility of policymakers in managing economic challenges.

These episodes underscore the importance of understanding the impact of debt and deficits on the broader economic landscape and the need for policymakers to address these issues effectively.