2min chapter

The Café Bitcoin Podcast cover image

"The Implications of Open Monetary and Information Networks" with Lyn Alden - March 27th, 2023

The Café Bitcoin Podcast

CHAPTER

The Fed's Response to Inflation

The Federal Reserve has been fighting inflation as though it's a 1970s issue. Most of the money creation was from private bank lending in the 1970s. In the 40s, you know, all of that inflation was fiscal driven. Banks were barely lending at all. And instead it was government running massive deficits to fight a war.

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