Jun 2, 2026 · 17 min · 9 segments
PSA just halted all four of its value grading tiers. The hobby is calling it a failure. We're calling it something else. PSA just acted like a central bank. This episode breaks down why PSA…
The Fed controls the supply of money.
That's the lever that it pulls on.
When the economy runs too hot, the Fed does not call up every business and tell them to calm down.
It can't do that.
What it can do instead is to make money harder to get, so it raises the cost of money.
It slows the supply of money that it puts out into the marketplace, and the whole system cools because everything downstream runs on that supply from the Fed.
You don't control demand directly, you control the supply of the thing the demand is chasing.
The Fed controls the supply of money.
That's the lever that it pulls on.
When the economy runs too hot, the Fed does not call up every business and tell them to calm down.
It can't do that.
What it can do instead is to make money harder to get, so it raises the cost of money.
It slows the supply of money that it puts out into the marketplace, and the whole system cools because everything downstream runs on that supply from the Fed.
You don't control demand directly, you control the supply of the thing the demand is chasing.
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