Wealthion - Be Financially Resilient cover image

Bill Fleckenstein: The Bond Market Is Taking Away The Fed's Printing Press

Wealthion - Be Financially Resilient

00:00

The Importance of Moral Hazard in Central Bank Policy

I would go back to a monetarist approach something like Volcker did where they had a band for the M's you could try to do some variation of a gold standard or something like that. Bill through through an active Congress or God you are now made emperor and you get to decide what we do next with our central bank policy I got a whole bunch of other questions I want to get to here but it really does seem to encourage moral hazard to a certain extent because yeah they could have silken Valley Bank had crappy risk management protocols why does it matter if you're going to get back 100%? You can imagine the screaming and cancellation and yelling and cancelling and all the things that would

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app