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BloombergOpinion/Brian Chapatta/Interview of Lacy Hunt/8-14-2020
“The Hoisington Investment Management economist hasn’t changed his view that Treasury yields are headed lower. But a move to literal money printing could change the game.”
USAGOLD note: Now 78 years old, Lacy Hunt brings a great deal of experience to the table. When asked about the rise of Modern Monetary Theory, the conversation with Chapatta gets very interesting. He talks about triggering Gresham’s Law – then “people would only want to hold commodities they can consume and commodities that can be traded for others.”