Jeff Snyder

most liquid borrowers out there.

We need a more efficient banking sector.

We need a more efficient monetary system.

We also need, like I said, we got to get the government out of the economy.

The government is the biggest impediment because the government is all fraud, waste, and inefficiency.

I'm not arguing that we should.

What I'm saying is the government should come clean and say, look, we're not going to focus on prices because that's a lost cause.

They should be honest about that.

That's a loss.

Prices are never going to go backward.

Prices of everything.

Just general prices.

Yeah, I mean, the wholesale price of gasoline at the CME is $1.70 a gallon.

That's where it is right now, which is the lowest it's been in five years.

Yeah, there's always individual items that go down in price.

And tradable commodities can go up and down in price, sure.

But we're talking about goods that usually the economists use the term sticky.

This is what sticky really applies to, which means that when prices go up, they tend to stay there.

Yeah, what they've been doing is buying U.S.

Treasuries because they're risk-averse.