101. Fiat markets with Lyn Alden
The Bitcoin Standard Podcast
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What Is the Difference Between Fiscal Stimulus and Inflation?
After two thousand eight, you had a massive amount of leverage on the system. Total debt compared to the monetory base was about 64 swho had 64 times as many claims on base money as there was base money. And then what they did in the cesne crisis and in the aftermath itwas they mostly recapitalized the banking system. So broad money supply itself went up far more dramatically. It was the biggest spike we've seen since world were two,. When you had a similar inflationary effect, by the way. Ah, and so this time it resulted in more money chasing the same or fewer goods. Then you also add, you know, supply train issues, ah,
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