"For the first time in years, thereâs being hinted at austerity... the conversation has shifted, indicating uncertainty around whether fiscal dominance can continue unchecked."
"When a country is drowning in debt, policymakers have four main levers: inflation, economic growth, debt restructuring or default, and austerity."
"With fiscal dominance running... the tax policy will be the first place where real, actionable changes show up."
"For bitcoin holders, a tax policy change is one area where proactive planning can actually make a difference in your financial life."
Lyn Alden's insights on fiscal dominance suggest that government spending dictates monetary policy. Current uncertainty signals potential discussions around austerity as a means to address swelling debt. Markets are reacting, speculating whether policymakers will act seriously on this front. Historically dismissed, austerity is now being considered alongside other levers: inflation, economic growth, and debt restructuring, as various strategies to tackle national debt. If fiscal dominance persists, tax policy will emerge as a battleground for impactful changes affecting both the economy and individual financial strategies, especially for asset holders like bitcoin investors.
Read at Bitcoin Magazine
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