
143. Macro Myths with Coinbits' Rowais Hanna
The Bitcoin Standard Podcast
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The Rational Expectations Revolution
Alan Greenspan once said that if you don't understand what I'm saying, then you're clearly misunderstanding me. And this is why central bankers are always desperate to try and second guess their actions. Once they believe that the Fed is no longer going to ease, after all, that's when they can pivot. The stock market will crash. Your spending will decline. Unemployment will go up and then they will get what they want. It's also ridiculous. If it makes any sense to borrow a quote from Friedman from Greenspan, if any of this makes sense, then you clearly don't understand it.
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