Summary: Jim Grant, publisher and editor of Grant's Interest Rate Observer, joins the show to discuss his most famous profit forecast – a massively profitable bet against the housing market that would later be depicted in the movie The Big Short. Porter asks Jim if the Fed will ever lose the overwhelming power it holds, and you’ll be surprised to hear how Jim calculates how they already lost control a long time ago. Jim also weighs in on Bitcoin and how it could be Silicon Valley’s “cry for help.”
