Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)
The "What is Money?" Show
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Is China Making a Play for Global Reserve Currency?
Inflation is not merely taxation without legislation, it's also a form of default on us. We call it expansionary monetary policy, which sounds much more technical and nice but that's default. That's like me saying I'm only going to pay you 50% of what i owe you. As mathematically, economically, it's exactly the same thing. And so we are defaulting every year by increasing the supply of us. Dollars in circulation.
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