Free Money: Bitcoin and the American Monetary Tradition
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Sprache:Englisch
11,49 €
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Produktdetails
Format
ePUB
Kopierschutz
Ja
Family Sharing
Ja
Text-to-Speech
Ja
Erscheinungsdatum
06.02.2025
Verlag
Post Hill PressSeitenzahl
(Printausgabe)
Dateigröße
3583 KB
Sprache
Englisch
EAN
9798888459775
Bitcoin is private money. We needed private money again, and Bitcoin came to provide it. Bitcoin's function, characteristics, architecture, and appeal pertain not only to our own time. Bitcoin clarifies so much we have forgotten, or have never known, about our monetary history: that private money, made for a profit, is the money of economies that really move. Over time, these populations become legendarily prosperous.
American history is perfectly clear that private money hastens economic wonders. The United States had private money for most of its pastfor generation upon generation, into the twentieth century. And under private money, the American economy became the greatest in history, the leading edge of the apex of the industrial revolution. Non-governmental currency, no Federal Reserve, and money defined as weights of gold or silverthese centered the monetary system when the United States reached its peak economic heights.
Bitcoin's remarkable story parallels American monetary history. In the era before the Fed and big government, innovations in private money were the lifeblood of the currency and credit system. As a result, the American economy grew like gangbusters.
The charge that Bitcoin is not real money founders against the historical record. Bitcoin is uncannily resonant with the American monetary system at its historical best when, as a free money system, it worked to something approximating perfection. Bitcoin's prospects for commanding the monetary system of the twenty-first century are outstanding, because not only is this new money innovativeit is traditional
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