Holy fuck, Christine Lagarde on The Daily Show: https://youtu.be/bmA4z24I7Xc

Worth watching as it perfectly encapsulates the situation we find ourselves in:

1. Gets challenged on "why 2%" and has no answer other than "it's not noticed that much", and it "gives wiggle room".

2. Blames recent inflation on supply chain, Ukraine war, Russian interference in energy prices - no mention of ZIRP.

3. Jon Stewart (I like him, but he's very left wing) poses the question about why not more demand stimulus, which gives Lagarde no reason to excuse CBs causing inflation with money printing. Actually encourages it more!

4. Both are into "Global governance" for AI - well, let me just say, GFY.

5. Lagarde thinks that their "analytical models" are now better, implying we won't have runaway inflation again "unless there's another pandemic". The sheer arrogance and incompetence is breathtaking. But also, shit, the moral hazard is terrifying.

We'd be so screwed without Bitcoin.