Are we to believe that across these centuries now of the industrial and technological revolutions, after all the incredible modern progress of the economy since 1750, the private sector has not created of its own accord a means of pricing financial securities such that it needs government bonds as a point of reference? In Free Money, we propose that once you have a monetary innovation machine the likes of Bitcoin, the notion that the federal government must be necessary to issue a base financial asset for the markets becomes preposterous. When this development is at hand, the financial markets will have increased their efficiency, with notable real effects in the economy and with respect to the prosperity of the nation and the globe.
Author: Brian Domitrovic, Contributor, Brian Domitrovic, Contributor https://www.forbes.com/sites/briandomitrovic/
Published at: 2025-07-06 19:03:24
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