BREAKDOWN: Lyn Alden on Money Printing, Bitcoin and the End of an 80-Year Debt Cycle
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 24 November 2020
⏱️ 63 minutes
🧾️ Download transcript
Summary
One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years.
This episode is sponsored by Crypto.com and Nexo.io.
Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW discuss:
- Anti-deflation vs. inflation
- Why money printing is nonpartisan
- Why we’re headed for deeper MMT experiments
- How she increased her conviction around Bitcoin (her journey in memes)
- Why the beginnings of a new, post-Bretton Woods era are starting to show
Find our guest online:
Twitter: @LynAldenContact
Website: lynalden.com
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | In addition to looking at the long-term debt cycle, which happens every 80 years or so, |
| 0:04.7 | there's also a change in the global monetary system. |
| 0:07.3 | The last change was about 50 years ago when we shifted from the Bretton Wood system to the |
| 0:11.7 | petrodollars system. |
| 0:13.3 | And so I think we're getting kind of early rumblings of the next system. |
| 0:18.5 | Welcome back to The Breakdown with me, NLW. |
| 0:22.7 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:28.6 | The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by CoinDes. |
| 0:36.0 | What's going on, guys? It is Tuesday, November 24th, and man, it is an exciting one out there today. |
| 0:45.2 | Bitcoin at the time of this recording is at $19,321 inches from its all-time high of whatever you want to determine it, 19,660, 19,900. It's so close. |
| 1:02.6 | And hell, by the time you're listening, it may already be there. If so, consider this episode |
| 1:08.6 | my gift to you. I'm extremely excited to welcome back the person that I believe |
| 1:14.9 | is the easy breakout star of the macro economics and finance world of 2020, Lynn Alden. |
| 1:22.7 | Lynn has this sort of relentless intellect that has to dig into data to shape her perspective and is just so |
| 1:29.6 | cogent when she explains things. Earlier in the year, we did a whole show on how the dollars |
| 1:34.7 | reserve status came to be and why it may no longer serve us or the world. Today, however, |
| 1:41.4 | instead of looking to the past, we're looking to the future. We're looking at why, |
| 1:46.1 | regardless of the outcome of the election, the die was cast for the future of monetary and |
| 1:50.9 | economic policy. We're looking at why we're likely to see a deeper flirtation and experimentation |
| 1:56.8 | with the set of spending ideas gathered around MMT or modern monetary theory. And of course, |
| 2:03.1 | we're talking about why Bitcoin is poised to be so essential in that moment. So without any further ado, |
| 2:10.1 | let's dive into this conversation with Lynn Alden. All right, we are back with Lynn. Lynn, |
... |
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