What Bitcoin Did THE FED CAN’T SAVE THE ECONOMY w/ Jeff Snider
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Mar 12, 2025 
Jeff Snider, a macro analyst and host of Eurodollar University, shares his insights on the limitations of the Federal Reserve's control over the economy. He discusses the complexities of money creation and challenges the notion that inflation is merely a byproduct of money printing. The conversation delves into the discrepancies between optimistic economic indicators and everyday realities, the impact of tariffs, and the misunderstood dynamics of interest rates on risk assets. Snider also explores the future of Bitcoin in relation to traditional financial systems.
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Consequences of Lockdowns
- Shutting down and reopening economies disrupts long-term potential and impoverishes the world through supply shocks.
- This impoverishment, coupled with destroyed capacity, hinders economic growth and fuels public anger.
Supply Shocks, Not Money Printing
- The 2021-2022 economic issues stemmed more from supply restrictions than money printing. Lockdowns and labor shortages led to wage and price increases that mimicked inflation but resulted from supply constraints.
- The rising prices, coupled with stagnant incomes, led to impoverishment and economic struggles.
True Money Printing
- Money printing is primarily driven by commercial banks expanding balance sheets and taking risks, not the Fed.
- Money circulation, facilitated by dealer banks, is as crucial as money supply for economic activity.