Macro Musings with David Beckworth cover image

Larry White on Gold, Fiat, and Bitcoin: Determining the Ideal Monetary Standard

Macro Musings with David Beckworth

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The Unreliable Quantity of Bitcoin

The quantity of Bitcoin is unresponsive to anything, including the price of Bitcoin. And that makes it unlike a gold standard - in the long run, money grows as demand grows. So if fiat monies break down and people are looking for a better money, it seems to me that gold is a better candidate.

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