Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.17T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
Bitcoin Marketcap
$1.15T
Gold Marketcap
$16.17T
BTC Settlement Volume (24hr)
$12.90B
BTC Inflation Rate (next 1yr)
1.17%
CASEBITCOIN making the case for bitcoin every day
5 May 2020 | | Price when published: $8,952 (ROI since: +579%)
Lyn explains broad macro concepts such as QE, MMT, and the inflation/deflation debate, what happened in the 2010s, and looks ahead to the 2020s. She makes the case that the disinflation regime which has dominated the US since 1980 may very well be over, and shifting to a fundamentally inflationary environment. Bitcoin isn't mentioned in this piece, but the dynamics presented here are key to understanding Bitcoin's macro prospects for the next decade.
Topics include:
- Domestic Government Borrowing
- International Government Borrowing
- Quantitative Easing βQEβ
- Modern Monetary Theory βMMTβ
- The Inflation/Deflation Debate
- Why So Little Inflation In the 2010βs?
- Modeling Inflation in the 2020βs
- A Baseline Debt and Inflation Outlook
- The Years Ahead
These are trends Iβll be monitoring in the quarters and years ahead. Outside of food, healthcare, and other essentials which have inflationary catalysts at the moment, the trend is likely to be disinflationary for many discretionary goods and services until a large amount of helicopter-like money ends up on Main Street in the form of more checks, negative payroll taxes, considerably extended unemployment benefits, or other stimulus policies. And the probability of those types of policies occurring over the next few years is likely higher than many people think due to how few assets the bottom 50% of the population has and how reliant they are on active income streams.
At that point, the possibility for broadly higher consumer price inflation is on the table and the four-decade period of disinflation from the 1980βs to the 2020βs will have ended.
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