Inflation, or manipulation of the money supply to the benefit of the politically well-connected, is quite possibly the most pervasive frauds of modern society. It creates multiple layers of compounded resource misallocation, it benefits the debtors and manipulators at the expense of savers, it puts a constant downward pressure on living standards, and it enables more unchecked corruption and abuse of power than any other aspect of our political systems.
Following Hulsmann's work, Deflation & Liberty, we have a foundation to understand how deflation, and sound money, strips the false elites of this power. Bitcoin isn't a new player, Bitcoin is a whole new game. Today we have a Guy's Take follow-up to Hulsmann's great work, and a conversation on how Bitcoin could bring down the state.
Other Episodes & Works mentioned in today's show:
Jorg Guido Hulsmann's, Deflation & Liberty
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_278---Deflation--Liberty-Part-1-e4q6gc
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_279---Deflation--Liberty-Part-2-e4qpvp
Conner Brown's, Bitcoin Has No Intrinsic Value
Simon Lutz's, Keynesian Errors on Time and Demand
https://medium.com/coinmonks/bitcoin-has-no-intrinsic-value-and-thats-great-e6994adbfe0f
Thomas Sowell's, Applied Economics: Thinking Beyond Stage One
https://www.amazon.com/Applied-Economics-Thinking-Beyond-Stage/dp/0465003451
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