Money Printing & the Debt Spiral with Macro Alf

“This direct connection that mainstream economics wants to draw between the amount of bank reserves in the system and lending, stimulating the economy, doesn’t exist.”— Macro AlfMacro Alf is the founder of The Macro Compass, an investment strategy firm. In this interview, we discuss different types of bank money, QE, deficits, money printing, and whether a debt spiral is looming.- - - - What constitutes ‘money printing’ is a hotly contested topic and something we have convered on the show numerous times. The debate among economists of what "money printing" is and its impact on the ‘real economy’ revolves around two key ideas: the definition of money printing and its actual influence on the economy. While some experts equate money printing with direct central bank action like quantitative easing, others take into account broader credit creation and the impact that has on the broader money supply and the economy.The delineation between the financial sector and the real economy is the crucial proponent and while some economists view money printing as primarily affecting asset prices and financial markets, with limited direct impact on the production of goods and services. Others stress that adding liquidity to the system is enough to create financial stability and increase confidence in the economy, therefore, affecting consumer and business decisions, and again, the ‘real economy’.In this episode, we get to the bottom of money creation, how it impacts the economy and the role of central banks in managing an economy.- - - - This episode’s sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultUnchained - Secure your bitcoin with confidence-----WBD694 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.