Why don't we talk about Bitcoin, actually? Because I find it rather fascinating, especially the debate that's going on within libertarian and Austrian economic circles right now.
Why don't we talk about Bitcoin, actually? Because I find it rather fascinating, especially the debate that's going on within libertarian and Austrian economic circles right now.
First of all, Money comes to the market and emerges on the market. It isn't like someone just says, hey, this is money. Let's start using it.
And I really feel that Bitcoin. Like I said, that's great in the idea that it's a competing currency, but nevertheless, I don't think it's the competing currency that does have the ability to break this state's monopoly on the issuance of money.
And then all of a sudden the thing crashes. Then the statists are going to say, see, we told you, money is way too important for the market to handle. Only the government should be handling money. And it will, as you say, demonize the entire idea of competing currencies.
I have no plans to run for political office now. Maybe in the future I might do that.