Jim Bianco on Inflation, MMT, and DeFi's Disruption of Banking - Blockworks

In this episode of On The Margin, Mike is joined by Jim Bianco. Jim founded Bianco Research, L.L.C in 1990 and has served as President and Macro Strategist for nearly 20 years. In this episode Jim and Mike discuss inflation, MMT, the digital currency revolution and how DeFi can fix inefficiencies in the legacy banking system.

Timecodes:
00:00 ・ Introduction
00:41 ・ Corporate bonds now yield less than inflation
03:09 ・ Is inflation transitory?
12:53 ・ Modern Monetary Theory
16:08 ・ The increasing wealth inequality within society
19:42 ・ The digital currency revolution
24:55 ・ Decentralized finance vs the legacy financial system
32:47 ・ The inefficiencies of AML & KYC on customers
38:25 ・ Are digital currencies private property?
39:56 ・ The 2008 LIBOR scandal
42:35 ・ Inefficiencies of the legacy financial system
44:06 ・ Are crypto companies too big to be replaced?
50:43 ・ Are digital assets a mechanism to create growth in the economy
53:54 ・ Narrative vs reality: DAO's