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The Fed's Balance Sheet Is Going to Misallocate Resources to an Infinite Degree
In the future, I think that that lending. won't have anything to do with merit or your credit score or your ability to pay the loan back. Well, no, I think it'll be based on political narrative. You know, as well as I do, that that is going to misallocate resources to an infinite degree. And that's when you're going to get some massive economic distortions.