From Moral Hazard to Business as Usual, Feat. Jesse Felder
A leading independent financial analysis shares thoughts on the “Robinhood rally,” Fed policy and why Modern Monetary Theory (MMT) is already here. He and NLW discuss The Robinhood rally and what makes it both alike and different from previous manias The illusion of American recovery The Federal Reserve’s role in increasing economic inequality Why the dollar is significantly overvalued relative to other currencies Why financial assets could be poised for a rough decade