2min chapter

The "What is Money?" Show cover image

The Nature of Property | The Stephan Kinsella Series | Episode 2 (WiM216)

The "What is Money?" Show

CHAPTER

Is Bitcoin Inflationary?

Inflation is the arbitrary expansion of a fei currency supply, un diret action of a legal monopoly. bitcoin doesn't have any intrinsic value, and there's nothing backing up your money. Even if gold is money, it's got a monetary premium probably ten times the non monetary value of the gold. If whatever you're using as money stops being used as money, you're going to loseine 90 % of your savings anyway.

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