101: Fiat Markets with Lyn Alden

Описание: In this epsisode Saifedean talks to economist and investor Lyn Alden about her views on the global macoeconomy. They start by discussing recent market turbulence in light of the Federal Reserve’s plans to tighten monetary policy, whether these plans are realisable, and what this will mean for consumer price inflation and the stock market. They then move on to a discussion of Lyn’s portfolio, her reasons for allocation across particular industries, and why she holds shares in silver mining companies. In the Q&A Lyn answers questions about whether we can trust the Federal Reserve and how she uses the Austrian School economic framework to inform her thinking on investment.

00:00 Introducing Lyn Alden
02:22 The Fed’s Announcement Of Tightening Crashing The Market
05:55 Keynesian’s Misconceptions About The Economy
07:30 Why Is Inflation Running So High?
12:13 Is the Industrial Metal Market Distorted By Monetary Policies?
17:30 Can The FED Start Tapering?
26:22 How Narratives Are Used To Battle Inflation
28:30 Manipulating The CPI Numbers
32:30 Who Benefits On A Fiat Standard?
35:30 Demand For The US Dollar Increasing In The 20th Century
38:30 The Formation Of The Petro-Dollar System
43:12 Influence Of A Strong Currency
46:00 Why The Foreign Exchange System Is Broken
47:50 Entrenching The Dollar Into other Countries
49:52 The Destruction Of The Fiat Financial Industry
55:00 How Capital Consumption And Monetary Manipulation Influences A Country
01:00:50 Assets During Inflationary vs Disinflationary Periods
01:03:03 What’s In Lyn Alden’s Investment Portfolio?
01:10:05 In What Assets To Invest During Inflationary Times
01:14:23 The Case Of Silver Getting Demonetised
01:21:55 Can We Still Trust The FED?
01:25:00 What Can Bitcoin Be Used For And What’s Happening With DeFi?
01:28:50 Carbon As A Commodity And It’s Market
01:31:25 Fiscal Policie’s Pressures On Inflation
01:35:00 Does Lyn See Any Fallacies Within The Austrian School?

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Lyn on Twitter:
  / lynaldencontact  

Lyn’s 2020 article 3 Reasons I’m Investing in Bitcoin:
https://www.lynalden.com/invest-in-bi...

Lyn’s January 2022 Newsletter The Capital Sponge for a discussion of recent developments in the US stock market with historical context (includes a breakdown of her model portfolio):
https://www.lynalden.com/january-2022...

A Tiger by the Tail by F.A. Hayek for a discussion of the Keynesian legacy of inflation:
https://cdn.mises.org/Tiger%20by%20th...

Gold Wars by Ferdinand Lips for an account of Switerland’s abandonment of the gold standard:
http://gold%20wars/

The Fourth Turning: An American Prophecy by William Strauss and Neil Howe:
https://www.amazon.com/William-Straus...

America’s Great Depression by Murray N. Rothbard. See pages 3-80 for Rothbard’s explanation of Austrian Business Cycle Theory:
https://cdn.mises.org/Americas%20Grea...

Lyn’s last appearance on The Bitcoin Standard Podcast in May 2022:
https://saifedean.com/podcast/54-bitc...

Lyn’s critique of Nassim Taleb’s Bitcoin Black Paper:
https://www.whatbitcoindid.com/podcas...

Saifedean’s first book, The Bitcoin Standard:
http://saifedean.com/thebitcoinstandard

Saifedean’s second book, The Fiat Standard:
http://saifedean.com/thefiatstandard

Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here:
https://saifedean.com/membership/