Alden: Fiscal Deficits, AI Deflation, and Bitcoin

Silicon Valley is promising an age of abundance driven by artificial intelligence, but does that spell the end of inflation? Lyn Alden distinguishes between price deflation resulting from AI and monetary inflation. AI has the potential to make white-collar services much cheaper, yet it does not halt money printing or reduce the price of genuinely scarce assets such as Bitcoin. She also addresses how a peak in AI stocks could lead to capital rotating back into Bitcoin.

Chapters:
The discussion starts at 00:00 with the idea that US fiscal deficits are unstoppable.
At 01:30, fiscal dominance is covered and why the Fed cannot control inflation.
At 03:18, the AI age of abundance is compared to monetary inflation.
At 07:00, what might force the Fed to support the Treasury market is examined.
At 09:10, Lyn Alden's gold outlook is presented following the retreat from record highs.
At 10:38, the reasons Bitcoin and gold trade differently are explained.
At 13:17, the possibility that a peak in AI stocks could rotate money into Bitcoin is considered.
At 14:40, lessons from Egypt's 15% inflation and broken money are drawn.
At 16:03, the question of whether stablecoins actually strengthen the US dollar is explored.
At 17:49, the intervention in the Japanese yen and Scott Bessent's Edge are discussed.

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