Jim Bianco on Inflation, MMT, and DeFi's Disruption of Banking
Inflection Point
00:00
The Banking System That We're Using Has to Change, Right?
I just think it's an institution that ultimately needs to change. It was designed for the industrial revolution in the late nineteenth century, is what it was designed for. An now here we are in the unitomation revolution in the 20 first century. Wha do you think we need like eight different financial in eight different regulatory institutions to look at the banks? J p morgan, to use another example, there are 700 regulators who have a nine to five pre pendemic, a nine to 5, five day week job,. sitting in j p morgan's offices, watching their activity.
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