#418: A First Principles Breakdown of the Monetary Crisis with Peter St Onge
TFTC: A Bitcoin Podcast
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The Fed's Role in Curbing Inflation
CNN's John Sutter says the Fed is trying to destroy demand by destroying jobs market. He says they're not really focused on supply side of things, where if you jack up cost of capital very high it increases costs for people to bring goods and services to markets. The higher rates presumably are also lowering the creation of new money via loans, he says. If the economy crashes hard because of the higher rates, then the higher rates may actually end up not fighting inflation, Sutter says.
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