# Gain-of-Function Monetary Policy

URL: /show/this-week-in-bitcoin/73/
> The jobs myth collapsed overnight. The Fed’s the fall guy, and Scott Bessent’s hint is loud and clear: buy Bitcoin.

- Show: [This Week In Bitcoin](/show/this-week-in-bitcoin/)
- Episode: 73
- Date: 2025-09-10
- Hosts: chris
- Duration: 01:17:40
- Audio: https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/7fCxaJDCthyUIuRjkhrJ/files/AUDIO---DEFAULT---2204c8ba-6b4a-4dee-bdcc-964e16528497.mp3


Transcripts: [application/x-subrip](https://feeds.fountain.fm/40huHEEF6JMPGYctMuUI/items/7fCxaJDCthyUIuRjkhrJ/files/AUDIO---TRANSCRIPT---DEFAULT---SRT.srt)




### Episode Links

* 🇺🇸 [Buy Sats on River](https://partner.river.com/jupiter) \- The best way to stack in the US
* 🇨🇦 [The Bitcoin Well](https://www.bitcoinwell.com/jupiter) \- An amazing automatic self-custody Bitcoin platform
* ⚡ [The Bitcoin Company](https://app.thebitcoincompany.com/signup?ref=JUPITER) \- Spending your Bitcoin Via Lightning
* 🏦 [Fold Card](https://use.foldapp.com/r/XNHPXTFC) \- Pay bills Stack Sats
* 💵 [SALT Lending](https://borrower.saltlending.com/register?referralCode=GkPQdbqWG) \- Get access to your BTC Value w/out Selling

**Show Notes**

* [BLS Revises Job Growth Down by 911,000 Between April 2024 and March 2025](https://legalinsurrection.com/2025/09/bls-revises-job-growth-down-by-911000-between-april-2024-and-march-2025/)
* [Employers added 910 fewer jobs than initially estimated, per BLS revision](https://www.hr-brew.com/stories/2025/09/10/910000-fewer-jobs-bls-revisions)
* [US payrolls benchmark revision estimate suggests labor market weaker than previously thought](https://www.reuters.com/business/us-payrolls-benchmark-revision-estimate-suggests-labor-market-weaker-than-2025-09-09/)
* [PDF: The Fed’s New “Gain-of-Function” Monetary Policy](https://www.international-economy.com/TIE_Sp25_Bessent.pdf)
* [Wholesale prices fell unexpectedly in August](https://thehill.com/business/5495567-august-wholesale-prices-deflated/)
* [US wholesale prices decelerated in August](https://www.businessreport.com/article/us-wholesale-prices-decelerated-in-august)
* [PPI inflation August 2025: Prices unexpectedly declined 0.1%](https://www.cnbc.com/2025/09/10/ppi-inflation-august-2025-.html)
* [Anatomy of a Billion-Download NPM Supply-Chain Attack](https://jdstaerk.substack.com/p/we-just-found-malicious-code-in-the)
* [🚨 There’s a large-scale supply chain attack in progress](https://x.com/P3b7_/status/1965094840959410230)
* [Charles Guillemet on X: "Update on the NPM attack: The attack fortunately failed, with almost no victims.🔒 ](https://x.com/P3b7_/status/1965336272550899932)
* [BTC Sessions 😎 on X: Confirmed unaffected NPM attack](https://x.com/BTCsessions/status/1965213302612787456?t=AoE0dwnNBhS7nZad3p5Hew)
* [Electricity costs are surging, and AI could supercharge demand. - YouTube](https://www.youtube.com/shorts/31Zljed-StM)
* [How AI infrastructure is driving a sharp rise in electricity bills - YouTube](https://www.youtube.com/watch?v=iVGTGpKpykM)
* [Bitcoin can 'easily' get to $200,000 before year-end, says Fundstrat's Tom Lee - YouTube](https://www.youtube.com/watch?v=XcyFJ6KYoL0)
* [Congress bill mandates Treasury report on strategic bitcoin reserve](https://cointelegraph.com/news/us-lawmakers-seek-treasury-report-ironing-out-details-bitcoin-reserve)
* [U.S. Congress Demands 90-Day Report on Strategic Bitcoin Reserve Security](https://finance.yahoo.com/news/u-congress-demands-90-day-115830035.html)
* [US Treasury Given 90 Days to Outline Strategic Bitcoin Reserve](https://bitbo.io/news/us-treasury-bitcoin-reserve/)
* [Congress bill mandates Treasury report on strategic bitcoin reserve](https://cointelegraph.com/news/us-lawmakers-seek-treasury-report-ironing-out-details-bitcoin-reserve)
* [Lightning Channel Stats: H1 2025](https://blog.getalby.com/lightning-channel-stats-h1-2025/)
* [The Fed Will Make Bitcoin Worth Millions! - YouTube](https://www.youtube.com/watch?v=_Uhncw2BFdA)
* [Mel Mattison (@MelMattison1)](https://x.com/MelMattison1)

**MUSIC**

* [Hard Work [Live in Amsterdam] ](https://podcastindex.org/podcast/7216277?episode=33874518605)