Policies that disregard the risks of loose credit such as quantitative easing and modern monetary theory are all the rage nowadays, but there is no such thing as a free lunch. Asset manager Adrian Day argues the 2008 bailout of Wall Street has inflated the stock market and deepened the divide that is corroding our social fabric.
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The Federal Reserve and economists have begun realizing this, but no one is willing to make the hard choices to correct course.
As for our weekly interview with the Discovery Group, the CEO of Bluestone Resources, Darren Klinck, joins us for an update on their promising Guatemalan gold project.
Show notes: #MMT #Bailout #Money
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