The Fed, MMT and Gold
Despite all the “paper” that the Federal Reserve is pumping into the U.S. economy, gold prices have been relatively tame. (Silver, we also not, has been volatile. It’s unclear whether to blame the gadabouts of the “Reddit Nation” or hedge fund managers trying to manipulate the crowd. More on that in the P.S.) Mike Kendall — The “Man on the Margin” profiled in George Gilder’s Life After Google — explains why the yellow metal’s apparent lack of vigor is deceiving.