“and monetizing this spending, the debt that would go with…” — Cato Audio at 21:55
“and monetizing this spending, the debt that would go with it. There was just this flood of cash, right? We had a $2 trillion hole in the economy back when people were foolishly shutting down the economy. And we filled it with $6 trillion of spending thereabouts. So you have this huge surge in deposits that…”
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