The Jack Mallers Show Fiscal Dominance: Why the Math Only Works With Bitcoin
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Aug 26, 2025 Explore fiscal dominance and its impact on monetary policy in the context of Bitcoin's recent fluctuations. Discover how traditional investments misalign with the younger generation's needs and why Bitcoin may offer a better alternative. Delve into the effects of AI on the job market and the rising unemployment rates among youth. Learn about Bitcoin's seasonal trends and the importance of long-term holding. Finally, uncover the evolving synergy between stablecoins and Bitcoin, highlighting their roles in modern finance.
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Tariffs Don’t Fix Fiscal Holes
- Tariffs are political theater that lower corporate profits and reduce tax receipts while doing little to cut the deficit.
- Interest-rate cuts are the only lever that meaningfully reduce the government's interest expense and sustain fiscal financing.
Fed Chooses Government Over Inflation
- Jerome Powell signaled rate cuts, prioritizing financing the government over controlling inflation.
- That decision increases future inflation and validates Bitcoin as an exit from fiat dilution.
Housing Decoupled From Rates
- Housing has decoupled from mortgage rates and follows money supply, stocks and inflation instead.
- Real estate is being used as a savings hedge, pricing out first-time buyers and fueling asset inflation.