The problem with having a finite supply of Bitcoin is that it makes Bitcoin less like real money and more volatile. Bitcoin's price is subject to speculation and its scarcity drives the expectation of immense future price increases. This artificial deflationary nature of Bitcoin as a currency makes it less stable and more likely to be replaced by a currency that resembles gold.
Today’s guest is George Gilder, a prolific author, economist, investor, and techno-futurist. In the 1970s Gilder wrote a controversial book about gender roles in society, originally titled Sexual Suicide, but later revised and reissued under the title Men and Marriage. In the 1980s, as an articulator and defender of Supply-Side Economics, he became known as...
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