By far the best reason for a National Divorce is that the red states need their own currency zone. Now. Immediately.
I'm not sure Scott Sumner would agree with that, but I, in my greater ignorance, do worry sometimes about Bitcoin.
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Bitcoin is self correcting. Hording increases volatility and risk and makes people want to hoard less.
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I agree that's what we've seen and should see with Bitcoin, but if it somehow stabilizes at a constant hoarding level... doom?
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Maybe, but I won't hoard it if I see everybody else is. I might with money, because I can count on central bank to stabilize it
End of conversation
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