This week in crypto. June 7 – 13: fears of inflation and Bitcoin as a hedge
dcenter.substack.com
Weekly news Inflation fears on the rise As the Fed’s balance sheet reaches $8 trillion, the fears of inflation resurge. In just 13 years the amount of money created by the Fed increased 8-fold in an unprecedented experiment, supported, among others, by the so-called Modern Monetary Theory. Developed in the 90s, this theory calls for ever increasing government spending, ensuring that countries can sustain huge deficits without cause for concern. Politicians find it extremely attractive, for it allows to print money infinitely and give it to the electorate. And who doesn’t like free money?
This week in crypto. June 7 – 13: fears of inflation and Bitcoin as a hedge
This week in crypto. June 7 – 13: fears of…
This week in crypto. June 7 – 13: fears of inflation and Bitcoin as a hedge
Weekly news Inflation fears on the rise As the Fed’s balance sheet reaches $8 trillion, the fears of inflation resurge. In just 13 years the amount of money created by the Fed increased 8-fold in an unprecedented experiment, supported, among others, by the so-called Modern Monetary Theory. Developed in the 90s, this theory calls for ever increasing government spending, ensuring that countries can sustain huge deficits without cause for concern. Politicians find it extremely attractive, for it allows to print money infinitely and give it to the electorate. And who doesn’t like free money?