Tuesday, April 3, 2012

Problems with Fiat Currency

1. There Is No Spoon

2. Coercion

3. Rent Seeking

4. Immorality

5. Central Planning

6. Price Instability

7. Economic Volatility

8. Currency Debasement

9. Wealth Redistribution

10. Concentration of Wealth

11. Moral Hazard

12. Corruption and Cronyism

13. Confidence Failure

14. Counterparty Risk

15. Transaction Settlement

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