/terminal research library 797

Bitcoin is Hope

Publish Date: 30-11-2020

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Type: Essay

Synopsis: Antithet­ical to the entre­pre­neurial ethic is the central bank, which “chases two rabbits” of growth and stability, with delete­rious results in the long-run. Growth is purely a market process, and it cannot be induced by decree (just try yelling at your garden to “grow faster”). By attempting to override Darwinian reality, central banking stifles entre­pre­neurial adaptivity — the most impor­tant aspect of survival for any species.

Public Link: https://www.swanbitcoin.com/bitcoin-is-hope/

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Orgs: bitcoin

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