Podcasts: Central Banking, Bonds & Inflation with William Elman & Greg Mercer 🔗 3 years ago

“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

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.

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WBD359 - Show Notes

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