We have a new Substack out, this time on a very long-term issue, the end of Bretton Woods (50 years anniversary today!).
The end of the gold-linked system, created the current fiat based system, which many love to hate (but which is hard to replace)
moneyinsideout.exantedata.com/p/the-end-of-b…
The end of the gold-linked system, created the current fiat based system, which many love to hate (but which is hard to replace)
moneyinsideout.exantedata.com/p/the-end-of-b…
This substack is written by @GeneralTheorist & has some non-conventional thinking (as already noted by @michaelxpettis, thanks!)
The core counter-intuitive point is : the US economy may be driven more by global capital flows than the real (local) economy.
The core counter-intuitive point is : the US economy may be driven more by global capital flows than the real (local) economy.
There is also a section on MMT in there, which often tends to wake up some sleepy economists: 
Feedback welcome (the bitcoin section will be for a follow up, we also left out the SDR section).
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