#418: A First Principles Breakdown of the Monetary Crisis with Peter St Onge
TFTC: A Bitcoin Podcast
00:00
The Negative Externalities of Central Banking
With banking crisis and, well, now let's get to the fiscal side of things like with this debt ceiling that we're rapidly approaching. They just expedited the timeline to when we'll hit that to within a month. That is because tax receipts are coming in well below expectations. And so again, more central planning, creating these negative externalities throughout the economy on the federal government side of the ledger. We've got three and a half million Americans sitting on the couch instead of working. This is not a healthy economy. There was just a number out today that Tyson food dropped 16% because they missed everyone buying meat. When country starts getting really poor, first thing people do is buy
Transcript
Play full episode
