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 controlling the supply of grades is the same lever the Federal Reserve pulls when it controls the supply of money.
We map the full analogy, the dual mandate between volume and grade integrity, and where it breaks down in a way every collector should understand.
Then we run the backtest. PSA did this exact move in 2021, and the data tells us what comes next.
Supply structure, grade inflation, and what to watch over the next two quarters.
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