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Bankless

“Nothing Stops This Train” | Lyn Alden on Fiscal Dominance

May 13, 2024
Lyn Alden, an insightful author and investor, discusses the dawn of fiscal dominance and its implications for investors. She emphasizes the changing roles of central banks and highlights the potential winners and losers in this new era. Alden also dives into how capital controls and government surveillance are reshaping financial autonomy. Additionally, she speculates on cryptocurrency's performance amid rising fiscal challenges, urging listeners to diversify their investments as they navigate these shifting market dynamics.
01:34:03

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Podcast summary created with Snipd AI

Quick takeaways

  • Fiscal dominance shifts economic control to focus on fiscal tools over traditional monetary policies.
  • Congress and the President wield power in shaping winners and losers through tax adjustments and stimulus programs.

Deep dives

Transition to Fiscal Dominance in the Economy

The shift towards fiscal dominance is reshaping economic dynamics, moving away from traditional monetary control. The escalation of deficits and debt restructuring, coupled with the limited efficacy of conventional monetary tools, is driving this change. As fiscal measures take precedence, the economy's trajectory is increasingly influenced by expansive fiscal policies.

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