The modern venture capital industry, popularly referred to as “VC”, is known for leading early-stage investments in some of the most innovative ideas of the 20th and 21st century. But for an industry that’s been so successful at backing innovators, the industry itself has done very little to innovate…until recently.

In this week’s EVA, we are running a special podcast edition of David Hay’s recent interview on MacroVoices with hedge fund manager, Erik Townsend. The conversation shines the spotlight on a phrase coined by Dave, “Greenflation”, but also touches on stocks, precious metals, and more.  For time-pressed EVA recipients, below is a summary of Dave’s key comments, basically an abbreviated transcript.