Gold held up very well indeed. And BTC went up. Can anyone say "fiscal dominance"?
"We define fiscal dominance as an economic condition that arises when debts and deficits are so high that monetary. policy loses traction. This is because as debt service costs rise beyond a certain level, fiscal deficits rise, but their main policy implication is that they create the need for more monetary financing."
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Gold held up very well indeed. And BTC went up. Can anyone say...
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