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Ep. 512: Tim Price Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Confidence in Fiat Money

Bob Greene: Why can't we just keep printing away out of this mess? He says the marginal investor is going to say, whoa, enough, I've had enough. And that's the point of which you don't want to hold back currency anymore. That metaphor holds perfectly for confidence in fiat, unbacked money in a fractional reserve banking system and a world of overlevered markets," he says.

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