Larger Deficits Mean Higher Inflation – Ep 723

* Gold reacts counterintuitively to inflation fears.

* Fed changes the definition of transitory inflation.

* Q2 Productivity numbers disappoint analysts.

* Biggest government expansion of the welfare state since the New Deal and Great Society.

* Elizabeth Warren wants to sick the IRS on the middle class.

* AMC tries to pump their stock as a crypto play.

* Bitcoin will live and die by the gold sword.

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