earlier we spoke with chris brightman, cio and cio at a research affiliate.e is what he had to say. >> if you have the treasury wire transferring trillions of dollars of newly created money into people's bank accounts, it's going to reduce the value of dollars relative to goods, services, and stuff. romaine: this seems to be the issue a lot of people in the market are concerned about, the treasury continuing to bump money out, the idea that over time this could devalue the dollar. that hasn't happened yet. with negative real yield, all the concerns, that hasn't materialized. when, if at all, do you think we get to the point when that becomes a material factor? zvi: i think it may have materialized in nonobvious ways. for the last decade plus the fed and other central banks have been printing money at an incredible rate. textbooks say that could -- that should cause inflation and that has not occurred, or only relatively slightly. instead a lot of that money has increased the prices of stocks and properties and cryptocurrency. you have this ironic situation wh