In the same interview the guy advocates expansion of the money supply but only in order to invest in productive businesses not unproductive ones like real estate. He then goes on to claim that this process is enabled by many small regional banks rather than a centralized banking system. He claims that China is an example of the former (lots of growth hence good) and the eu of the latter (too much centralization -> bad). Sounds weird to me. Definitely not a sound money advocate. What are your thoughts ?