:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SQKWC2K6WBCGXDIKIE2AKC7CAY.png)
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)
This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.
For more episodes and free early access before our regular daily releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: “A Century of Fiscal and Monetary Policy: Inflation vs Deflation”
The article looks at:
- When monetary policy is effective versus when fiscal policy needs to take over
- How short-term debt cycles add up to long-term debt cycles that have very different remedies
- Why long-term debt cycles inevitably end in default or devaluation
- Why the conclusion of the last long-term debt cycle in the U.S. – the 1930s and 1940s – suggests that devaluation is the most likely outcome
For more episodes and free early access before our regular daily releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XSX7IIKKJVDS5IQZFHLHIM44SE.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7AQVSZKNVBBZBBODB3E4IPOHM4.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/SIXWCTW3EZGY5PMBK26ZYHBTII.jpg)
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XVOKWIZEQVH6TPL2XBJJMXXZJI.jpg)