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monetary-policy

(4 articles)

The Real Interest Rate Trap: Gold, the USD, and the S&P 500 Foreign Revenue Headwind

The bond market is pricing a major Fed policy mistake. Rising real rates have pushed the USD higher, but a massive dovish pivot is brewing.

macroeconomicsmonetary-policygoldus-dollartradingwss://relay.primal.net/

The Signal Problem

Prices carry both real economic information and monetary noise in the same number β€” businesses can't tell them apart, so strategy built on price signals is navigation in fog.

bitcoineconomicsaustrian-economicshayekprice-signalsmonetary-policyinflationinformation-theory757btc

The Engineered Solution

Bitcoin isn't a financial product β€” it's an engineered, protocol-level satisfaction of the four properties Austrian economics had derived as requirements for sound money: fixed supply, rule-governed issuance, centralization resistance, and permissionlessness.

bitcoinsound-moneysatoshi-nakamotoproof-of-workmonetary-policyaustrian-economicsprotocol-designcryptography757btc

A School of Economics Predicted All of This

Austrian Business Cycle Theory described, in 1912, the exact mechanism of credit-driven boom and bust we're living through now β€” and the "sound money" properties it specifies turned out to be achievable not by a commodity, but by a protocol.

bitcoinaustrian-economicshayekmisesbusiness-cycle-theorysound-moneymonetary-policyeconomic-history757btc