So that’s going up the supply chain into automobiles and especially used automobiles because there’s constraint in new automobile production. And so there’s no issue there, but there’s an issue in certain things like semiconductors. So an example where we’re not running into bottlenecks is like men’s suits, for example they’re actually still deflating. And so we’re specifically running into bottlenecks, wherever there’s a supply constraint.
And so when you get that increase in broad supply, we’ve improved people’s demand, right? So we given them money they didn’t otherwise have, and so they can go out and expend it, but we have increased the amount of goods and services by a corresponding amount. So P money that’s available for people’s checking accounts, savings accounts, currency in circulation. We’re actually increasing the broad money supply. So because of the large amount of stimulus we’ve had we’ve increased the broad money supply by quite a bit, which is different than just increasing base money or fed balance sheet. And, there’s certain categories that are contributing to that, right? So basically my overall framework for the type of inflation we’re getting is that this is a very fiscal driven type of inflation. Even other measures of inflation generally came in hotter than, than economists were expecting. You asked, we got, I believe it was 5.4%. And so basically we got a very high CPI print. And so overall this is, this is roughly going align along with what I expected in terms of the types of outcomes that we get from policies we’ve seen over the past year to 18 months. Whereas a number of us are expecting a higher degree of inflation. So there, if you follow people in the macro world, there are some, there have been some people that are expecting more types of disinflation. Yeah, so it came in a little bit higher than I was expecting, but overall I’ve been in the more inflationary camp. So there was recently a big CPI print of 5.4% on an annualized basis for the us. But I also wanted to start on obviously for a Bitcoin up inflation. I don’t know, you’ve been doing a lot of great work recently. I saw you were participating in the B word and there was a segment that you did, and I thought that was a great segment. Follow me on Twitter Subscribe to the podcast.SLP282 Alex Epstein – Why Bitcoiners Should Reframe The Energy Debate & Own Their Energy Use.SLP291 Caitlin Long Stablecoins, Bitcoin & The Fed.SLP232 Lyn Alden – Bitcoin As Emerging Store Of Value.Twitter: Article: The Case for a Longer-Term Oil and Gas Bull Market.
Lyn alden transition drivers#
We discuss the multi-faceted drivers of wealth inequality, the societal impacts of such disparities, whether we’re on the cusp of another great depression, state-led policies, and whether Bitcoin is a mitigation. In this interview, I talk to macroeconomist and investment strategist Lyn Alden. A much more holistic and flexible approach is required. It isn’t a question of making targeted policy interventions. The problem, as ever, is that this subject is complex with many dynamic variables. Those vying to shape opinion would have us believe in binary arguments.
Governments enable cronyism to exacerbate wealth disparities - lobbying can constrain competition, but it is unclear whether libertarianism would halt monopolistic practices. Globalisation leads to a hollowing out of the working class in developed nations - only in certain parts of the world. Quantitative easing results in increased inequality - well, not necessarily. And yet, despite the arguments being well worn, most of the assumptions underpinning these opinions don’t stand up to scrutiny. Both sides of the political divide put forward causes and propose solutions. If left to deteriorate and fester it can lead to populist uprisings. At a minimum it can divide societies, pitting citizens against each other. Location: Remote Date: Tuesday 22nd February Project: Role: Macroeconomist Wealth inequality is as an emotive subject as any. The FTX Contagion with Jesse Powell - WBD583Ībout What Drives Wealth Inequality? with Lyn Alden - WBD467 Episode
0 kommentar(er)
