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Lyn Alden’s Latest: Why Currency Devaluation Is Inevitable

This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.

(michaelquirk/iStock via Getty Images Plus)
(michaelquirk/iStock via Getty Images Plus)

This week’s “Long Reads Sunday” reading is from macro analyst Lyn Alden and focuses on the inflation vs. deflation debate in historical context.

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

On this week’s “Long Reads Sunday,” NLW reads macro analyst Lyn Alden’s latest: “A Century of Fiscal and Monetary Policy: Inflation vs Deflation”

The article looks at:

  • When monetary policy is effective versus when fiscal policy needs to take over
  • How short-term debt cycles add up to long-term debt cycles that have very different remedies
  • Why long-term debt cycles inevitably end in default or devaluation
  • Why the conclusion of the last long-term debt cycle in the U.S. – the 1930s and 1940s – suggests that devaluation is the most likely outcome

See also: Monetary Policy Is Finished and Macro Debates Are Boring, Feat. Raoul Pal

For more episodes and free early access before our regular daily releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore