The Banking Crisis and Crypto with Art Laffer
FYI - For Your Innovation
00:00
The Keynesian View of All Markets
M equals monetary base times money multiplier. When gold happens, people get panicked and their gold is the first refuge of the cautious. So you see a run for the exit sign going on there. I don't trust Janet Yellen speaking as an economist,. pure and simple, or anyone else in any administration. They know they need to curry favors with their politicalactors. And we all suspect now that inside money system is not being used properly. It's because people are signing upside down against banks' deposits at little regional banks anymore. The Fed should be doing what it did under Reagan: controlling inflation by crushing demand.
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