Mises Wire
Author:
Matthew Pan
Online Publish Date:
and bear runs in the crypto market have coincided with periods of loose monetary policies and of significant tightening. Figure 1: Fed Assets and Bitcoin Prices Since the Fed artificially propped up the economy through expansionary monetary policies, doubling the money supply of 1983 within fifteen years and tripling it issues only shifts responsibility away from the Fed. At the end of the day, innovations are made, policies are passed, and crooks still run abound in our world.