To think that a hard monetary asset, with a perfectly inelastic supply, could go from a $0 market with no infrastructure, liquidity, or demand,...
"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of...