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Podcast: The Vance Crowe Podcast
Episode: What the hell is deflation? U.S. Treasuries expert Lacy Hunt explains what he thinks will happen to your dollars.
Description: Lacy Hunt Ph.D. is an internationally recognized trader in U.S. treasuries. He understands how the Federal Reserve creates and distributes money. He works at Hoisington Investment Management Company (HIMCo) and produces a newsletter read by commodities traders and large investors around the world. We discuss how the economy works in real terms. I learned more in this one hour, than my graduate level economics courses.I learned about the difference between "printing money" and the Federal Reserve Selling Treasuries. He discusses how US Treasuries puts money into the system through sales of treasuries, and talks...