Monetary Policy, Imbalances and Cricis, Prof. Gunther Schnabl ~ Hayek Summer Workshop
World Crypto Network
This is not bitcoin/privacy/cypherpunk content—it's a lecture on macroeconomic theory. Schnabl argues that central banks create asymmetric monetary policy by aggressively cutting rates in crises but resisting increases afterward, perpetuating boom-bust cycles through credit expansion below natural interest rates. Newly created money flows through financial intermediaries first, inflating asset pri

https://relay.towardsliberty.com/af5e3d1a4637b07887d50766ad1f032af3d193e37e430738a9ecc334760014b1.mp4