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Andrew Hoffman stopped by for our regular Monday discussion. Looks like the debt ceiling debate is gone for good. They’ve given the president a blank check. Who would have thunk it? It was inevitable. If they can print money to infinity then what purpose does a debt ceiling serve anyway? The deficit went up a staggering $328 billion in just a few days. There’s nothing quite like the discipline that a fiat currency imposes on the political system. It worked so well in the Weimar Republic and in Zimbabwe too.
This interview was hosted by Financial Survival Network.