"Incentives have driven exchanges to become casinos, and they’re doing exactly what you’d expect unregulated casinos to do. This is no place you ever...
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...
What if there was a clear and obvious reason that the state monopolizes the production of money, that after understanding, you simply cannot unsee? ...