Look, the Fed's human beings. And right now, Jerome Powell is probably going to go down as one of the

worst, if not the worst, Fed chair. He does not want to make the, let's call it a mistake of allowing

inflation to do what it did in the 70s. And he's paying very close attention to where inflation

appeared to be tamed, but then it came up for a second time. That was Fed Chair Arthur Burns before Paul Volker.

But it's also a mistake to tighten too far, right?

So he's looking at, I don't want to make this one mistake, and I'll be more likely to make

the other mistake than the same mistake.

So I'll make a new mistake instead of the same one.

Both are bad, but what it seems is that

he is determined to not pay attention to the things we discussed on this call, how CPI is rolling

over, how inflation is tame, how we're seeing these slowdowns. What is keeping the consumer alive

is wearing off? He doesn't want to pay attention to those. He just does not want to make the same mistake twice

hey everybody welcome to the what is money show i am thrilled to have you here joining me on my

mission to help shine light on the collection of

money. Now, if this is your first time listening to the What Is Money Show, I strongly recommend

that you go back to episodes one through nine first, which lays a lot of the groundwork for many

the concepts that we explore on the show. These first nine episodes are my series with Michael

Saylor, and thousands of people have told me that this is on the show. These first nine episodes are my series with Michael Saylor,

and thousands of people have told me that this is the best podcast series they've ever heard,

hands down, and that it was instrumental to their understanding of money and Bitcoin.

So if you're looking to start a deep dive into the nature of money,

I don't think there's any place better that you

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