Less Loose Is Not Tight – Ep 726

    • Fed will talk about tapering until it can use Delta as an excuse not to.
    • Bitcoin is irrelevant to monetary policy.
    • Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case.
    • Fed uses owner’s equivalent rent data to hide the scarier actual rent data.
    • FDR may have killed the dollar, but Nixon helped bury it.

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