Sublime

fiat currency

“What would it seem like if it did seem like a global, digital, sound, open, programmable money was monetizing from absolute zero?”

Central banks & other monetary policy authorities:

Money balances are private property but the institution of money is a common pool resource, in arguably exactly the same way that a stock of fish might be a common pool resource, even though fish fished by fishermen have clearly become private property.

Por outro lado, não parece ser boa ideia usá-los para fins oficiais, por deixarem de lado parte do “verdadeiro” custo de vida, bem como pelos riscos de interferência do governo, seja para mascarar a inflação, seja para, de alguma forma, reduzir o valor de suas dívidas.

Rothbard’s monetary view has never been put in effect, but actually has an opportunity to prove its viability with bitcoin. Bitcoin with its absolutely limited supply defines the Rothbardian system.

Polis shows the clusters of opinion that exist and highlights statements that bridge them. This approach facilitates both consensus formation and a better understanding of the lines of division.

In the old thinking, monetary policy was intended to spur economic growth or to restrain it to a sustainable level.