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4min chapter
The End of the Petrodollar | Luke Gromen
Bankless
Navigating the Deflationary-Inflationary Paradox in a Debt-Backed Economy
This chapter explores the complex relationship between deflation and a debt-backed monetary system, focusing on the challenges posed by significant national debt and rising demand for essential resources. It discusses how emerging economies influence the sustainability of government debt and the tensions between inflationary and deflationary forces in the current financial landscape.
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