The Bitcoin Cantillon Effect - E378
Bitcoin & Markets
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Challenges of Counting Money Supply and the Purpose of QE
This chapter explores the difficulties in accurately calculating the money supply, such as accounting for re-pledged collateral and different forms of bank credit. It also delves into the Federal Reserve's role in printing digital widget tokens and the purpose of quantitative easing (QE) in boosting lending and balancing balance sheets. The episode concludes with a brief preview of the upcoming discussion on ETFs and a gratitude message to the listeners.
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