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King Dollar Stands Strong! Discover Why with Ryan McMaken in this Unmissable Interview!

Lead-Lag Live

00:00

The Fed's Transition to the Financial Sector

The idea that that which is complex is more fragile. So if you want to make the system more robust, more anti fragile, you've got to make things simpler and not have as many policies in place," he says. "We're what we're living through now is we can really trace most of it back to 2008, 2009" The U.S. economy has shifted away from investing in people and machine tools into a financial sector created by the Fed, Paulson adds.

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