Jim Bianco on Inflation, MMT, and DeFi's Disruption of Banking
Inflection Point
00:00
Liabilities of Central Banks Become Legal Tender
Lacy: We won't see real inflation until liabilities of central banks become legal tender in the same way that liabilities of commercial banks for legal tender, right? Lacey: The traditional financial system is not ready for it. Golman sack wants everybody back at the office five days a week because they win when everybody gets back to the office 5 days a week. And by the way, who is pushing the hardest to get everybody back to the five days aweek? Its financial services businesses.
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