Jim Grant: ‘The Fed is the enemy of the financial stability that it pretends to promote. It’s arsonist and fireman rolled up into one’

DoubleLine Capital, Released on 11/17/20

Jim Grant discusses, among other topics, paradoxical market valuations, why the Federal Reserve is “a clear and present danger to your wealth,” the threat of central bank digital currencies to liberty, the accelerating “heretical union” of monetary and fiscal authorities, and the prospects for an acceleration in the rate of inflation.

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James “Jim” Grant is an American writer and publisher and the founder of Grant’s Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the “Financial Times”, “The Wall Street Journal” and “Foreign Affairs.”

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