BTC001: Bitcoin Common Misconceptions w/ Robert Breedlove (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Flawed Idea of Elastic Money and its Economic Consequences
The idea that money needs to be elastic is nonsensical. Money is a unit of economic measurement, like a meter. We need a reliable and constant frame of reference in both cases. Fluctuating value creates noise and distorts the economy. Fiat currency is full of noise and causes economic distortions. Gold was selected as money because it is the least elastic and inflation resistant. The argument for an elastic monetary base is asinine.
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