Arthur Hayes, writing for COINOTAG on September 23, outlined Bezent’s reindustrialization proposal that centers on seizing influence over the Federal Reserve to implement Yield Curve Control (YCC). Hayes describes a framework where the Interest on Reserves (IORB) and the Discount Window Rate anchor short-term yields, while the Fed compresses long-term rates via balance-sheet expansion and large-scale bond purchases.
Hayes also presented a hypothetical impact assessment, suggesting material credit expansion and referencing pandemic-era liquidity effects on Bitcoin as context; he estimated a potential combined new credit pool of $15.2 trillion. These figures are framed as speculative scenario analysis rather than empirical forecasts, and market participants should treat them cautiously when considering macroprudential and asset-price implications.