Continuing from yesterday's episode with Part 2 of our journey through Hoppe's amazing piece on the nature and origins of the fiat money system. ...
"If the merchant wants the bitcoin and you pay in fiat_, that is you shifting the burden of fiat friction on to them. And...
"The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else,...