A man who spent 13 years on Wall Street claims that people in legacy finance do not understand the history or properties of money.
for Swan on Monday, Haar said that “virtually no one” has spent time understanding the history or fundamentals of money. For example, they do not grasp the characteristics that made gold historically dominant money: durability, divisibility, recognizability, portability, and scarcity.” for possessing these qualities even more strongly.
Keynesian economic theory and modern-monetary theory both advocate for centralized control of a nation’s money supply to manage the economy. Bitcoin, by contrast, resembles a grassroots commodity money with an absolutely fixed supply that nobody can change. In fact, central bankers like
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