"deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products to get cheaper over time relative to the value of our golden money, thanks to technological and productivity improvements over time, which make them cheaper relative to the number of labor hours required to produce them.” - Lyn Alden
Concluding the amazing breakdown of the current macroeconomic conditions of the dollar, how much money is actually being injected into the system, and what inflationary/deflationary forces are at play to make sense of what out monetary future holds.
Don't forget to check out the original to dig deeper down the rabbit hole on these topics & follow Lyn's incredible blog:
https://www.lynalden.com/quantitative-easing-mmt-inflation/
Other of Lyn's great work from the show:
7 Misconceptions About Bitcoin:
https://bitcoinaudible.com/7-misconceptions-about-bitcoin/
The Fraying of the Petrodollar System Part 1 & 2:
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-1/
https://bitcoinaudible.com/the-fraying-of-the-petrodollar-system-part-2/
Big thanks to our sponsors!
ShiftCrypto for the secure, open source BitBox02 hardware wallet and other great tools for securing your Bitcoin keys and backups
SwanBitcoin.com for the automatic, no hassle, no selling, set it and forget it Bitcoin savings plan.
Learn more about your ad choices. Visit megaphone.fm/adchoices
