Description
The Fed isn’t “independent” — it’s constrained by markets, politics, and the bond vigilantes. Lyn Alden breaks down why credibility is a performance, why mortgage rates can rise even as short rates fall, and why fiscal dominance ultimately forces balance sheet expansion. For Bitcoiners, it’s the cleanest macro reminder: liquidity and monetary credibility drive the long-term game.
https://www.youtube.com/watch?v=xN_T696aqKA
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