The Case for Deflation Part 3 - E213

04/27/20 • 24 min

In Part 3, I answer some critiques and questions from the audience. The discussion on liquidity and Repo, the base layer of the Eurodollar system is now moved to Part 4 coming up soon.

Questions from Epistemicrisis, Xan, CryptoGamer and Colin Harper.

WTF is happening with the Fed?! - Is this inflation w/ Ansel Lindner - WTF 5

https://podcasts.apple.com/lu/podcast/wtf-is-happening-fed-is-this-inflation-w-ansel-lindner/id1459884105?i=1000472534928

Website: https://bitcoinandmarkets.com/e213

In Part 3, I answer some critiques and questions from the audience. The discussion on liquidity and Repo, the base layer of the Eurodollar system is now moved to Part 4 coming up soon.

Questions from Epistemicrisis, Xan, CryptoGamer and Colin Harper.

WTF is happening with the Fed?! - Is this inflation w/ Ansel Lindner - WTF 5

https://podcasts.apple.com/lu/podcast/wtf-is-happening-fed-is-this-inflation-w-ansel-lindner/id1459884105?i=1000472534928

Website: https://bitcoinandmarkets.com/e213

Previous Episode

Case for Deflation part 2 - E212

In this episode I tackle different types of money, debt, fiat and commodity monies. I discuss how they behave differently as a global money standard. Debt has a unique aspect of global deflation that's not shared with other forms of money. I discuss bailouts at money replacement, not money expansion. Finally, I wrap up with how this all ends.

Next Episode

The Case for Deflation Part 4 Liquidity and REPO - E214

In this episode I walk through an understanding of Liquidity and how the actions of the Federal Reserve can't increase liquidity and flow in the economy. I also give a quick definition of the REPO market and interpret it as a money substitute factory - a place that creates and destroys money substitutes. This is the consensus layer of the global financial system and how we need to define what money is. It's money substitutes that flow through the REPO and money markets.

Mises on money substitutes

https://wiki.mises.org/wiki/Money_substitutes

Jeff Snider

https://www.youtube.com/watch?v=OM_J-4fJYEk

Excellent REPO market resource

https://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/repo-and-collateral-markets/icma-ercc-publications/frequently-asked-questions-on-repo/4-how-big-is-the-repo-market/

Highlighted Fed paper on Discount Window Stigma and how they try to address it

https://hyp.is/go?url=https%3A%2F%2Fwww.federalreserve.gov%2Feconres%2Fnotes%2Ffeds-notes%2Fstigma-and-the-discount-window-20171219.htm&group=__world__