Central Banking, Bonds & Inflation with William Elman & Greg Mercer

 
 
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“A lot of the tools that we’re using today to combat this coronavirus crisis were cooked up in 2008 during the great financial crisis, but now they’re on steroids; they’ve completely blown up to magnitudes that are unprecedented.”
— Greg Mercer

SHOW DESCRIPTION

Location: New York
Date: Wednesday 9th June

As of February 2021, annual growth in the money supply reached 39% in the US, leading to widespread fears of inflation and the impact on the economy. Consumer prices soared 5% in May, the largest increase since 2008. While the Fed has argued that inflation will revert to normal by next year, others are looking to hedge the risk of inflation.

Bitcoin is viewed by many as the ultimate inflation hedge. With its fixed monetary policy and transparent, consistent and decreasing supply issuance, it is the antithesis of fiat currencies, perpetually debased by governments' increasingly extreme monetary policy.

Are we right to fear more significant inflation? And what role do Bonds and Bitcoin play?

In this interview, I talk to William Elman and Greg Mercer. We discuss bond yields and what they signal, the pros and cons of market intervention and the ever-increasing government debt.

TIMESTAMPS

00:04:56: Introductions
00:08:49: The current state of global finance
00:10:09: Neoclassical economics explained
00:12:27: State interference and Keynesian Economics
00:20:55: CPI
00:26:23: Other causes of inflation
00:35:56: Treasury bonds explained
00:41:46: Bond yields
00:47:11: Manipulation of the yield curve
00:50:04: Bitcoin as a hedge against inflation
00:52:29: Fear for the financial future
00:54:34: Bitcoin in El Salvador
00:59:56: Hedging inflation
01:02:48: Quantitative easing
01:08:24: Final comments


 

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SHOW NOTES

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