#418: A First Principles Breakdown of the Monetary Crisis with Peter St Onge
TFTC: A Bitcoin Podcast
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The Fed's Plan to Paper Over the Banking Crisis
In 2008, you had almost no bank runs. The Fed felt like it had a full quiver of arrows that it could use against us. This time the Fed cannot do that because it knows that if you yank rates down, sure it takes the pressure off the banks, but it also drives inflation. To hell with the economy, to hell with jobs, they have a political goal.
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