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.
On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.
Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.
We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.
Episode Timestamps
- 1:45 – Intro
- 2:31 – Banking Crisis
- 35:30 – Crypto