4min chapter

Bankless cover image

128 - Scariest Macro Setup In 20+ Years | Luke Gromen

Bankless

CHAPTER

The Fed's Running a Game Plan

The us. economy looks like a highly indebted latin american republic with record wealth and equality and highly finan it almost looks like a tax haven, says David Frum. The fed is trying to convince markets that they can inflate the U.S. economy for years by using negative real interest rates on their balance sheet. That's absolutely what they would have done if they were an independent tution but they're not because of myths still held by some people in Washington. Nobody cared about all this money supply growth early on in the Obama administration so no one will notice when things get out of control.

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