Anthony Pompliano

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Let's talk about stablecoins.

Those seem to be, you know, coming out of the kind of crypto market, if you will.

Bitcoin obviously has product market fit.

Exchanges have product market fit.

And then stablecoins seem to be kind of that third product.

These stablecoins are pretty interesting because on one hand, they are extending dollar dominance globally.

Obviously, Tether owns, you know, nearly $200 billion of treasuries.

They're much bigger than most countries.

At the same time, you know, it seems like the banks, they've got, you know, very upset over this whole idea of like paying interest and how this is done and the regulations and they kind of see it as a threat.

And so how do you as an economist look at the role of stable coins and maybe the pros and cons of them moving forward?

What are the things that you think could actually still be issues with the stable coins, right?

Is it just the banks don't like it or are there like systemic issues that we should be aware of?

My last question for you is the BLS data.

I've been a very big bear.

I've been a very big critic of the quality of the data, the accuracy of the data.

We now have things like truflation that have come up.