This pretty much sums up in a nice nutshell the Libertarian argument.
Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
