19min chapter

On The Margin cover image

The Fed’s Tools Aren’t Made For Fiscal Dominance | Lyn Alden

On The Margin

CHAPTER

Economic Shifts and Currency Dynamics

This chapter examines the changing landscape of government intervention in markets, highlighting the contrast between Reagan-era capitalism and current political ideologies. It explores the implications of structural trade deficits, global currency dynamics involving the US dollar and Chinese yuan, and the potential role of Bitcoin as an alternative reserve asset. The discussion reflects on the relationships between gold and Bitcoin, their respective merits, and the outlook for these assets amid evolving economic conditions.

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