Bitcoin is fiat money, too
By
September 22, 2017 at 01:31AM
via Free exchange http://ift.tt/2yhvYxg
«You could argue that markets are already deciding which new currencies provide sound money. And in doing so you would join the banking school of 19th-century England, or the people who loosened financial regulation in the late 1990s in America. Your blogger does not believe this argument is wrong, necessarily. But it is not new, and it has failed spectacularly in the past.»