3min chapter

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Did Macro Kill Crypto? with MacroAlf

Bankless

CHAPTER

The Long-Term Trending Line for Growth and Inflation

Dalio: I think along the same terms, but I visualize this a little bit differently. Instead of this bell curve that you just showed from Dalio as a long-term trend, I tend to think of growth and inflationary long-term trends. And so they look like a straight line up with an angle of growth that really depends on at which point in the structural long-term cycle are you in? Now the problem becomes when the long-term trending line for nominal growth becomes effectively flat and that's basically I think the roadmap is Japan for that.

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