Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
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The Importance of Gold
Gold is stilli called thits like gi political prime money, right? It is. Still. If you go to war with the country and defeat them, you don't want them to pay you in paper. You want them to paid you tribute in gold. So at that point where there's all these claims to gold and people calling your bluff, effectively redeeming the gold, you're geting a kind of flexed muscle and say, hey, that's enough. Just hold on to this gold and we'll move to this market base system. But trusting the government to keep the supply of money constant, iis impossible. That's a trospect to government sad frut
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