If you haven't visited this website yet, it's worth your time. What you will see there is even more relevant today, and also rings true for #Bitcoin . https://wtfhappenedin1971.com/ 
First of all, sound money is really about holding people accountable when they can influence public policy and personal wealth. When spending is unlimited, we make poor choices. These poor choices end up hurting the working people and minorities while benefiting the rich.
There are all sort of terrible consequences that arise from this. When opportunities are limited people are more likely to turn to crime. This is not about individual morality, but rather the situation we create that statistically nudges people away from a prosperous future.
Young people today are more likely to live with a parent or grandparent too.
So WTF did happen in 1971? We went off the gold standard "temporarily."
Something's got to give eventually. Look at the disparity between income and home prices for example. How do you think this will end?
Corporations and Pension funds are already moving into #Bitcoin . How long before nations follow suit? We're probably already past the supply/demand tipping point.
You can follow @hansthered.
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