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#174 Akhil Patel - This valuable signal could infer the market direction for years

State of the Markets

CHAPTER

The Fed's Delusional System

The Federal Reserve is the world's most important, arguably most important central bank to solve problems that it itself has caused. The whole system is just full of distortion until we learn the lesson that bad businesses have to be allowed to fail and that includes banks as well. I wonder to go back to your earlier point, Paul, whether we haven't already seen hyperinflation or stubbornly high inflation by stealth.

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