In this episode, Nik and Demian break down the connection between credit creation, inflation, and productivity, exploring why the world’s debt keeps growing faster than real wealth. Nik explains how money enters the system, when it becomes inflationary, and how productivity can offset rising prices. They discuss McKinsey’s global balance sheet framework, the difference between paper wealth and real wealth, and how Bitcoin could serve as new collateral in a re-collateralized financial system built for long-term stability and growth.Link to Nik's latest report: https://thebitcoinlayer.substack.com/p/the-macroeconomy-seeks-productivityLink to McKinsey's report: https://www.mckinsey.com/~/media/mckinsey/mckinsey%20global%20institute/our%20research/out%20of%20balance%20whats%20next%20for%20growth%20wealth%20and%20debt/out-of-balance-whats-next-for-growth-wealth-and-debt.pdf📚 Bitcoin Age is here, order yours today: https://a.co/d/5gau08H📊 The Bitcoin Layer is a bitcoin and global macroeconomic research firm. ▶️ Subscribe and turn on notifications for TBL on YouTube.📚 Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe🎧 Subscribe to The Bitcoin Layer on your favorite podcast platform.📱 Follow TBL on X: https://twitter.com/TheBitcoinLayer📩 Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial🧢 Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch⛓️ ₿lock Height 923363⚡ Contribute to The Bitcoin Layer via Lightning Network: [email protected] Bhatia's Twitter: https://twitter.com/timevalueofbtcResearcher Demian Schatt's Twitter: https://x.com/demianschattLead Statistician Augustine Carrasco Twitter: https://x.com/AugustineCarrB
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