He mentions Jeff Snider early on, watch some of his stuff to understand shadow banking and Eurodollar systems. I don’t understand it well either but he’s basically talking about a USD economy outside of The Fed’s purview which has knock-on effects from Fed policy.

Tom puts forward the bull case for The Fed from an Austrian perspective, it grates some Bitcoiners but it’s a useful point to understand their incentives in my view.

Have to consider the politics of JPow’s position too, something Tom does well. On other pods I’ve heard him look at it through a lens with a personal layer of US vs European elites, old vs new money, to the global power struggle that is happening right now.

Also thankyou for taking my recommendation and actually listening to it 😁

#[3]​ is a good listen but just the idea someone can suggest on #nostr “hey spend 100 minutes listening to this and you’ll get some flavour of the concepts I’m working off” is pretty cool.

Signal is way higher here, I too trust people to guide me on a good use of time 🤙