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Jim Bianco on Inflation, MMT, and DeFi's Disruption of Banking

Inflection Point

00:00

What Is the Catalus That Stops the Cycle of Easy Money Printing?

Jay Parini: In many people's minds, this topic of inflation comes up. He says the federal reserve did the right thing when it stepped in to stop financial markets from falling apart after 9/11. The problem is they do that thing too long and don't know when their cycle will come to an end, he says. Parini: If there isn't a consequence for monetary theory, then we're talking about universal income order.

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