Why Austrian Economists Didn’t See Bitcoin Coming with Vijay Boyapati (WiM324)
The "What is Money?" Show
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The Fed and the Banking System Is a Tail
The banks are in real trouble right now. The capital constrained, they've suffered a lot of losses. They're trying to recapitalize. So the demand for loans plummeted. It did not matter that the Fed printed all of these reserves. And so we didn't see hyperinflation. We have seen inflation because that money gets directly in the economy.
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