The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Modern Monetary Theory (MMT) is back in the spotlight, driven by a new film Finding the…
MONETARY DEBASEMENT Debasement refers to the action or process of reducing the quality or value of something. When talking about fiat currencies, debasement traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has…
Douglas Rissing This article discusses the big divergence between U.S. fiscal policy and U.S. monetary policy over the past year, and how that impacts various parts of the economy differently. It also takes a look at how the United States, Europe, and China have sharply diverged from each other on these policies. The Fed vs…
Tast Nawarat The Fed has conquered inflation. It’s time to start easing. The economy looks OK, no looming recession. Chart #1 Chart #1 is arguably the most important chart that the market and the Fed have almost completely ignored for decades. Sure, everyone talks about the money supply (the best measure of which is M2),…
Funtap This article analyzes how new monetary technologies have significant potential to disrupt the existing legacy money system over the next years and decades. To the extent that this occurs, it would have macroeconomic implications and would offer investment opportunity along the way. 160 Different Currency Bubbles There are over 160 different state-issued currencies in…
Fed chair Jerome Powell and the rest of the committee are convinced of slower economic growth in the coming quarters amid softening labor market conditions. For the second consecutive meeting, the United States Federal Reserve Committee chose to hold its prior interest rate hikes at between 5.25 and 5.50 percent during Wednesday’s largely anticipated FOMC…
Monetary Debasement Debasement refers to the action or process of reducing the quality or value of something. In relation to money, it traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has evolved…
bernie_photo/iStock via Getty Images By Alexander William Salter Slowly but persistently, inflation is falling. The Bureau of Labor Statistics announced the Personal Consumption Expenditures Price Index (PCEPI) increased 0.2 percent in July. Over the past year, prices are up 3.3 percent overall and 4.2 percent excluding food and energy. The backwards-looking figures, however, don’t give…
TERADAT SANTIVIVUT Record QT and big rate hikes no problem: Corporate Bond Market Distress Index drops to lowest level since before the Fed started tightening. The New York Fed’s update on Wednesday of its weekly Corporate Bond Market Distress Index (CMDI) shows just how much liquidity there is still sloshing around from years of mega…