101. Fiat markets with Lyn Alden
The Bitcoin Standard Podcast
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Cans and Economics Are Built on This Ridiculous Idea That There's a Trade Off Between Unemployment and Inflation
Cans and economics is built on this ridiculous idea that there's a trade off between unemployment and inflation. And so if the level of spending is high, then you have inflation along with a growing and overheating economy. Whereas if thelevel of spending is low, thenyou have a low inflation, or maybe even deflation, but you also have a stagnating economy. We can only pick certain places among these different combinations of high inflation and low unemployment, or high unemployment and low inflation. But they've been down this corner before. You know. Every time, more or less, we see something like this, like two thousand eight, two thousand nine, with something, and yet, they
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