NOTABLE
This interview is actually very good.
It is the best live discussion of these topics that I have yet seen.
Here's one thing I found fascinating and it meshes with my personal experience.
Ever since I got into Q stuff, I thought, OK, I better buff up on my knowledge of banking.
I had taken a macro econ course years ago, and DISTINCTLY recall tuning out on the banking stuff since it seemed like such utter and obvious BS.
OK, but I guess I should go back and relearn that right?
Except I find myself looking at discussions of macro econ and they all skimp on banking.
I guess it is just me not finding the right presention, right?
Except now this Oxford econ dude on Tucker is saying NO, macro econ has SYSTEMATICALLY avoided any serious discusion of banking (taking the stance that banks are "simply" intermediaries who don't actually contribute pro or con to the economy as a whole).
And that is why macro econ has been such a TOTAL FAILURE, despite the fact that all edumucated people think the role of government is to put in place the right macro econ policies.
OK, maybe I am putting my own spin on it, but this resonates.