Wed, 10 October 2018
When it comes to sound money and fiat paper, we libertarians are nearly always dismissed as cranks. Why, don't we know that we need the government to be able to create whatever amount of money the experts think best? Don't we know this system has worked much more smoothly than the gold standard ever did? Don't we know our system will lead to "deflation"?
In today's episode I take all this on.