“Tax cuts for the rich,” along with cousins like “trickle down,” “voodoo” and even “déjà voodoo” economics, misdirect attention away from how voluntary market arrangements benefit all.
How The Elite Dominate The World – Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank
The elite of the world love to get national governments deep into debt, because it enables them to enslave entire populations while making an obscene amount of money in the process.
So many people simply misunderstand what cryptocurrencies are and what they can be.
On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed policy makers do not have a reliable theory of what drives inflation.
With central banks having the capacity to create money by decree anytime they want to, investment risk means little to nothing. Lose your money, it ceases to exist. In that case, just create more of it.
"My hope is that we can participate in that process because I see that as a very cross-border process," she said.
Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as some of the world's biggest corporations.
"It will eventually frighten every nation state, but it doesn’t matter what they do, there’s no way you can create a law or to legislate something that will stop Bitcoin or any cryptocurrency because technically, you cannot."
While all supporters of individual liberty and sound economics should support tax cuts, the Republicans’ failure to cut spending means that their tax plan will do little to increase liberty or prosperity.
No matter what Jamie Dimon may say, bitcoin’s durability can be expressed by one simple fact: With a market cap of $100 billion, digital currencies have become too big for banks to ignore.