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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