155. IMF & World Bank Misery Industry with Alex Gladstein
The Bitcoin Standard Podcast
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The Debt Crisis of the 1980s
The trigger for the debt crisis of the 1980s was the monetary policy decisions of Paul Volcker. He raised interest rates up to something like 18 or 20% at that time, which are almost unthinkable rates today. I think now we're getting into the point where the credit is going to become much harder to come by. The next few years are going to be terrible in that regard.
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