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Bits + Bips: Why Hasn't This Macro Cycle Boosted the Crypto Markets? - Ep. 702

Unchained

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Fiscal Dominance: The Strain on Social Welfare and Defense Spending

This chapter explores the tension between fiscal dominance and social welfare systems, emphasizing the impact of declining populations and rising defense spending. It discusses the obstacles politicians face in reforming these systems amidst demographic changes and global competition.

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