We’ve gotten off topic - I wasn’t talking about myself, talking about the ‘shitty fiat’. Bitcoin isn’t the shortcut that’ll leapfrog them into some sort of stable functioning economy - they’ll have to get there the hard way.
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I don’t have to claim it - history shows us what happens when you cannot provide liquidity.
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Would you mind defining “providing liqudity”? If you mean Central Bank bringing new money into existence at the expense of existing holders, then Austrians lean towards believing that is unethical. If you mean simply lending, then it will be full-reserve vs. fractional-reserve.
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The former and yes I understand the position that it is deemed unethical. What was their solution for liquidity crises (even Hayek admitted the flaws of the gold standard and offered an alternate)? <I’m most definitely not an economist, am interested in furthering understanding>
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