Quantitative Easing, Deflation and a Stronger Dollar

In the latest episode of “On the Margin,” Michael Ippolito, co-founder, Blockworks, sits down with Steve Van Metre to talk about quantitative easing and deflation.

article-image

Steve Van Metre

share

In the latest episode of Blockworks’ podcast “On the Margin,” Michael Ippolito, co-founder, Blockworks, sits down with Steve Van Metre who presents the other side of the popular macro narrative that inflation is coming.

Steve’s analysis is heavily focused on quantitative easing (QE), and how that program is designed to cause lower interest and a stronger dollar. In this episode they cover how the mechanism behind QE works, why it traps dollars in the system, and how that ultimately leads to deflation.

“On the Margin” is a two-part show. Once a week, Mike interviews industry experts, and then at the end of the week he is joined by co-host Tyler Neville where they break down the top crypto and macro stories. Episodes go live every Wednesday and Saturday morning.

Subscribe to “On the Margin” today on Apple or Spotify, or watch episodes on YouTube.

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flying_Tulip.png

Research

Flying Tulip's perpetual put option provides real principal protection, but investors must pay a valuation premium today for products that have to be built over the next 24 months. This structure works best as a stablecoin substitute where the put allows continuous monitoring—accept opportunity cost in exchange for asymmetric upside if the team executes on its ambitious cross-collateral architecture.

article-image

Markets have been shadowed by the continued government shutdown and concerns about tech’s massive AI spending

article-image

Powell is ending “run-off” to keep reserves “ample” — a far cry from colonial America, where fiscal responsibility was public spectacle

article-image

As flows consolidate and volatility fades, finding edge now means knowing which games are still worth playing

article-image

Value distribution came to $1.9 billion distributed in Q3, though total revenues have yet to beat 2021 heights

article-image

MegaETH public sale auction ends tomorrow, and the free money machine has attracted people who like free money

article-image

With tBTC under the hood, Acre abstracts bridging and converts non-BTC rewards to bitcoin