Headlines this week include the latest CPI print, dropping unemployment and the White House’s victory lap, skyrocketing consumer credit, the passing of the Inflation Reduction Act in the US Senate and criticism around the expansion of the IRS, Bitcoin miners forced to sell, Blackrock partnering with Coinbase, the Solana and Nomad hacks, the sanctioning of Tornado Cash by the US Treasury in connection to North Korean money laundering, and Lyn Alden’s latest, in depth-article on the Lightning Network
This week’s guest commentator is Hailey Lennon, Partner at Anderson Kill Law.. For this week’s Hard Money Report we take a deeper look at hypocrisy among government elites and how Bitcoin will create a new incentive structure with more accountability.
Chapters:
00:00:00 “Hard Money” Intro
00:00:35 CPI, Jobs Report & the Inflation Reduction act
00:04:29 Bitcoin Headlines, BlackRock, Lyn Alden Lightning Article & More
00:08:51 Hailey Lennon Interview, Crypto Regulation & Law
00:17:59 Explaining the "Cantillon Effect"
00:24:12 Andy Edstrom Weekly Macro!
00:28:13 “Hard Money” Outro