Brendan Greeley

And they always say it for domestic reasons.

You know, it affects Americans when the when the global system collapses.

But but, yeah, I think the swap lines are the most important diplomacy we do.

And you can see that at Jackson Hole.

Like every Jackson Hole, you know that picture they take where the chair of the Fed and then whichever central banker happens to be there, they go for this walk and the photographers know that it's coming.

We've seen it.

So I think of that as the Badgett pageant.

They're there to prove that they all know each other, the system works, it's stable, and in the next panic, the dollars are coming.

Wow.

I love that map.

I would take your point from earlier.

It is an incredibly productive economy still.

We've got lots of real things in this economy.

I also think we've got pretty good bank regulation.

I could ask for better, but we've got pretty decent.

We've got stable banks.

Nobody else has the pool of federally insured dollars that we have.

Europe has got okay banking regulation, but they do not share common deposit insurance.

We have that.

So I think that the combination of a responsible Fed, reasonable financial regulation, and a massive productive economy means that, yes, of course, the dollars we create here are going to have more meaning.