Fed Policy and European Energy Crisis w/ Andreas Steno - Fedwatch 113
Bitcoin Magazine Podcast
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The Dynamic of the Central Banks Not Being in Unison
The euro is one of the crappiest constructions I've ever seen. It's basically designed to fail all the time, he says. The cultural differences between some member countries is humongous that's the reason why they cannot agree on sort of a fixed set of rules for this construction. What we saw through the pandemic was actually moving in the other direction: In Europe, each country trying to fill up their own energy storage before exporting it.
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