Lyn Alden’s Latest: Why Currency Devaluation Is Inevitable
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.
“I think policy is rather overdoing it,” the former U.S. Treasury secretary said at Consensus 2021.
The Federal Reserve kept monetary policy unchanged and sees inflation as temporary, which is closely watched by bitcoin investors.
The U.S. central bank will continue buying Treasury and mortgage bonds to support the economy.
A reading of Kenneth Rogoff’s latest piece on the strange reality of the dollar’s global status.
Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow.
From Boeing to bitcoin, in this week's discussion we're talking about our disrupted reality, the politically expedient path forward, why it almost certainly won't work, the alternatives to it, what this means for bitcoin and what you can do to help.