Fanatical Central Banking

Max and Stacy discuss fanatical central bankers doubling down on a failed policy after forgetting their original aim, while BS-vending talking heads create the conditions ripe for an overthrow of the establishment. In the second half, Max interviews Satyajit Das, author of Extreme Money and A Banquet of Consequences. They discuss the hot potato of negative rates making it almost impossible to default and embedded pundits calling for negative rates while simultaneously banning cash.