What Bitcoin Did cover image

What Bitcoin Did

THE FED CAN’T SAVE THE ECONOMY w/ Jeff Snider

Mar 12, 2025
Jeff Snider, a macro analyst and host of Eurodollar University, shares his insights on the limitations of the Federal Reserve's control over the economy. He discusses the complexities of money creation and challenges the notion that inflation is merely a byproduct of money printing. The conversation delves into the discrepancies between optimistic economic indicators and everyday realities, the impact of tariffs, and the misunderstood dynamics of interest rates on risk assets. Snider also explores the future of Bitcoin in relation to traditional financial systems.
01:01:06

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The Federal Reserve's control over the economy is overstated, with market perceptions shaped more by interest rates than actual monetary activity.
  • Inflation is often misunderstood, as it arises from a complex interplay of supply shocks rather than solely increasing money supply through central banks.

Deep dives

The Economic Crisis and Its Aftermath

The lasting impact of the pandemic lockdowns has led to significant economic distress, with many feeling a sense of unjustified recovery. While official statistics may indicate growth, the reality reflects a failure to recover jobs and incomes lost during the pandemic, creating a sense of disillusionment among the populace. The disparity between nominal indicators and real economic performance has become evident, as millions remain unemployed or underpaid, further fueling public discontent. This situation has resulted in widespread frustration, as people sense a disconnect between their lived experiences and the narratives presented by central banks and politicians.

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