BREAKDOWN: The World Economy’s ‘Transitory’ Supply Chain Issues Don’t Seem so Transitory After All
An exploration of the history of global supply chains provides insight into just how fast – or slow – the return to normal may be.
This episode is sponsored by NYDIG.
First, on the Brief:
- Bitcoin hash power coming back online
- A new millionaire testing out crypto
- An emerging music tokenization platform
Bitcoin saw a significant drop in hashrate after China’s mining bans. The network accordingly implemented its largest difficulty adjustment, a parameter to adjust incentives for mining, to date. Has this adjustment worked?
In investments, Simon Nixon, one of the winners of the dot-com bubble, has emerged as the newest millionaire to delve into crypto. Last on the Brief, Royal announced a $16 million raise for its music tokenization platform, the aim of which is to give more power to the artists when it comes to royalty rights.
In the main discussion: With inflation on the minds of many economists and consumers, the Federal Reserve pushed a “transitory” narrative while pinning the blame on supply chain issues. Looking back at the history of supply chains reveals why COVID-19 broke the global goods network. Are the supply chain issues going to be as transitory as the Fed hopes?
NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: MR.Cole_Photographer/Moment/Getty Images, modified by CoinDesk.