Bitcoin's Inelastic Money Supply, Stephan Livera ~ Read Rothbard, Use Bitcoin
World Crypto Network
Max Hillebrand interviews Stephan Livera on Austrian economics and Bitcoin: good deflation (productivity gains and price declines) versus bad deflation (credit collapse). Bitcoin's predictable, decreasing inflation signals entrepreneurs better than fiat's opaque credit expansion, reducing malinvestment. Key topics: full-reserve versus fractional-reserve banking, stock-to-flow ratio, bank runs as d

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