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The 7th Property: Bitcoin and the Monetary Revolution w/ Eric Yakes

Bitcoin Magazine Podcast

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The Tradeoff Between Credit and Price Distortion

I believe what's more important is freedom of choice above everything else. Price distortions, if we're operating based off of prices, that's the most perfect form of information we can have when we distort the money supply. I think it's much better to allow freedom of choice and for there to be consequences of that freedom of choice than to allow people to control it with violence. So it's really more of a question of government at that point. It's so interesting. What theoretically, like, and I'm not talking the literal difference, but what is the difference between a fractional reserve bank, a full reserve bank, and then one of these ridiculous policies that we see pop up?

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