Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
00:00
The US Treasury Market
i think it's one of the most important things about bit coin, is that it is economically empowering at the individual scale. It almost t levels the playing field in many ways. The fed manipulates the price of treasury bonds by buying and selling them on the open market. As a result, treasury bond yields are determined not by the free market, but by the fed. That's a problem. Ih, we're getting das were diverging from realityad, it's very bad.
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