They Haven't Been Teaching Monetary History Accurately
No, the gold standard did not cause the Great Depression. And yes, a Bitcoin standard is needed today.The below is a direct excerpt of Marty's Bent Issue #1122: "They haven't been teaching monetary history accurately." Sign up for the newsletter here.If you have ever had the displeasure of learning economics while in university or simply have had a pompous sheep fiatsplain to you why a sound money standard can never work you've likely had a professor or the fiatsplainer blame the gold standard for the Great Depression. They'll drop the Great Depression line and then scoff at you as if it....
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Roger Ver is an entrepreneur, investor and Bitcoin Pioneer. He has bet a lot of intellectual and monetary capital in the Bitcoin revolution, which he supports not just because it is a technological advance in our financial infrastructure, but also because of the new hope for human liberty that it represents. Bitcoin Magazine: How and when did you first hear about Bitcoin? Roger Ver: I first heard about Bitcoin in late 2010 on the www.freetalklive.com radio show / podcast. BM: Why is Bitcoin important? Why is it different? RV: Bitcoin is different from any other payment form in the history....
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Raghuram Rajan, the governor of the Reserve Bank of India, questions the unconventional monetary policies central banks are pursuing and claims that pushing down interest rates results in people saving rather than spending. Rajan’s views echo those who criticize central bank policies, which have included restraining digital currencies. On leave from a teaching post at the University of Chicago, Rajan offered his insights during the International Monetary Fund (IMF) spring meeting in Washington, D.C. in an interview with MarketWatch. A persistent critic of Fed quantitative easing, Rajan....