Very early in my Alt-Fin journey I discovered the MacAlvaney wkly podcast. There's a quote, from spring 2019, that I didn't then understand, but was burned into memory: "consider these markets (US & EU) as Soviet in nature". As 'conservative' Trump, supposedly Mr. Free Market himself was the Pres, I was extremely confused. As RepoCrisis, Covid, 2 Emergency Fed meetings in a matter of wks, QE-Infinity, and CARES Act manifested, 'Soviet in nature' made more sense. I read that Wolf St before reading your post-I save the best for last! What once confused me, now only induces eye rolls and vomitous.
Very early in my Alt-Fin journey I discovered the MacAlvaney wkly podcast. There's a quote, from spring 2019, that I didn't then understand, but was burned into memory: "consider these markets (US & EU) as Soviet in nature". As 'conservative' Trump, supposedly Mr. Free Market himself was the Pres, I was extremely confused. As RepoCrisis, Covid, 2 Emergency Fed meetings in a matter of wks, QE-Infinity, and CARES Act manifested, 'Soviet in nature' made more sense. I read that Wolf St before reading your post-I save the best for last! What once confused me, now only induces eye rolls and vomitous.