MYOBTC on Nostr: "The establishment of free banking was never seriously considered precisely because ...
"The establishment of free banking was never seriously considered precisely because it would have been too efficient in restricting credit expansion."
– Ludwig von Mises
#Bitcoin is free banking at its finest, with 100% full reserves, 100% of the time. FRB apologists hate this!
- Bitstein
Published at
2023-06-02 20:01:24 GMTEvent JSON
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"content": "\"The establishment of free banking was never seriously considered precisely because it would have been too efficient in restricting credit expansion.\"\n– Ludwig von Mises\n\n#Bitcoin is free banking at its finest, with 100% full reserves, 100% of the time. FRB apologists hate this!\n\n- Bitstein",
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