SLP402 Pierre Rochard - Bitcoin Obsoletes Fractional Reserve Banking
Stephan Livera Podcast
00:00
The Idea of the Austrian Business Cycle Theory
Under a fiat standard, arguably there never is any real savings in the system. The lower the gold price as a proxy for how healthy an economy is, the healthier it is. That was an inflection point, and i don't think that dollar went up by kind of geo-political risk. I think it was driven by monetary policy from central banks. And so now we're just letting them create much money and let they flood the system with liquidity.
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