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Make Ticker Tape Parades Great Again: A Conversation With Peter Thiel

Uncommon Knowledge

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Is It an Exact Science?

There was a version of the milton freedman arguments a decade ago in the form of the tea party. It turned out, no, youknow, the credit system was so busted. The money that burnanke printed went into banks and didn't get lent outs. If you send checks to people, that's high velocity money, which is more inflationary. So when you yet, when you violate everything, it's exact enough o something that's going to go very wrong.

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