004. Dylan LeClair - Quantitative Easing and the Long Term Debt Cycle

The Dumbest Guy in the Room

Recorded 5/25/21

Bitcoin price at the time ~$38,500

Dylan LeClair is a 20-year-old writer for Bitcoin Magazine who has excelled in studying and analyzing the macro-economic backdrop and world we are living in. Dylan walks us through what is really going on when the government is doing quantitative easing, why the Fed cannot stop printing money nor raise rates, and how Bitcoin gives us hope for a brighter future.

Where to find Dylan LeClair:

@BTCization (https://twitter.com/BTCization)

Co-Founder 21st Paradigm (https://21stparadigm.com/)

Writer for Bitcoin Magazine (https://bitcoinmagazine.com/authors/dylan-leclair)

2:10 - Dylan’s background

5:00 - The struggle of being a college Econ student and also a Bitcoiner

11:00 - What is and what is the goal of quantitative easing?

15:30 - The effects of the long and short term debt cycle

23:30 - What happens if the Fed stops printing or raises rates

25:30 - The death of a currency regime

32:00 - How Bitcoin can smooth the transition

38:15 - How Bitcoin stops the manipulation of money

43:00 - Rules not rulers: proof of work vs. proof of stake

51:00 - What Bitcoin’s second layer will look like

Resources mentioned:

Bitcoin white paper (https://bitcoin.org/bitcoin.pdf)

Swan Bitcoin (swanbitcoin.com/e3)

Cash App (https://cash.app/app/KWJSDQR)

Strike (https://invite.strike.me/21XVVW)

The Bitcoin Standard - Saifedean Ammous (https://tinyurl.com/m4whmjr4)

The Bullish Case for Bitcoin - Vijay Boyapati (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1)

The Cantillion Effect (https://mises.org/library/money-inflation-and-business-cycles-cantillon-effect-and-economy)

The Conclusion of the Long Term Debt Cycle and the Rise of Bitcoin - Dylan LeClair (https://bitcoinmagazine.com/markets/the-conclusion-of-the-long-term-debt-cycle-and-the-rise-of-bitcoin)

Big Debt Crises - Ray Dalio (https://tinyurl.com/a3as874)

How the Economic Machine Works - Ray Dalio (https://www.youtube.com/watch?v=PHe0bXAIuk0)

How secure is 256-bit security? - 3Blue1Brown (https://www.youtube.com/watch?v=S9JGmA5_unY)

Ethereum Issuance History (https://docs.ethhub.io/ethereum-basics/monetary-policy/)

Bitcoin Issuance History (https://www.bitcoinblockhalf.com/)

Bitcoin is a container ship (https://twitter.com/croesus_btc/status/1352400064530927616?lang=en)

Lightning network growth (https://twitter.com/documentingbtc/status/1390759809834704898)