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Reads - Kevin Warsh Changed the Rules of Money in an Afternoon. Bitcoin Didn't Notice.
Published 1 week, 5 days ago
Description
Kevin Warsh chaired his first FOMC meeting on June 17th, 2026. By the time it was over, every rate cut penciled in for 2026 was gone. Bitcoin fell from 66K to 62K. Gold — the safe haven — was also bleeding. And the headlines did what they always do: screamed volatility.
Zach reads his original piece connecting June 17th to Frederick Hayek's knowledge problem and the difference between money run by rules and money run by a person. The uncomfortable mirror: if you're anxious about who the next Fed chair will be, you've already admitted the problem.