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Kyle Bass says Europe has bet the bank on a Keynesian free lunch

Hayman Advisors' Kyle Bass discusses the inevitable effects of the EU's monetary policy. "The one thing the EU taught us this weekend is that paper money will be worth less (maybe much less) in the future."

Hayman Advisors founder Kyle Bass (who will keynote the upcoming AR Symposium) wrote to the firm's investors on May 11 with his thoughts about the European bailout of Greece. The full text of that letter, entitled The Pattern is Set - Betting the Bank on a Keynesian Free Lunch, is

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