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3min chapter
Why Austrian Economists Didn’t See Bitcoin Coming with Vijay Boyapati (WiM324)
The "What is Money?" Show
The Fed's Reactiveness
The Fed has increased interest rates to 5%, which is a big jump. But it's certainly not anything like what Volcker did in the 1980s. And they're constrained because the government debt position is much, much higher than it was in the 80s. We have debt, which is 130% of GDP and that's not even including entitlements. To increase the interest rate, the debt service on our debt becomes a big number.
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