Milton Friedman wanted to abolish the Fed. Not reform it. Abolish it.
"No institution in the US has such a high public standing and such a poor record of performance. It has done far more harm than good."
This isn't some random crypto anarchist. This is one of the most influential economists of the 20th century calling out the Fed for being a net negative on society.
Yet most people still think the Fed is protecting them. They're not. They're protecting the system that keeps you broke while banks get bailouts.
Bitcoin fixes this. No central authority. No money printer. No inflation by decree.
The Fed's track record speaks for itself: boom-bust cycles, inflation, wealth inequality, and moral hazard. Friedman saw it decades ago. We're living it now.
"No institution in the US has such a high public standing and such a poor record of performance. It has done far more harm than good."
This isn't some random crypto anarchist. This is one of the most influential economists of the 20th century calling out the Fed for being a net negative on society.
Yet most people still think the Fed is protecting them. They're not. They're protecting the system that keeps you broke while banks get bailouts.
Bitcoin fixes this. No central authority. No money printer. No inflation by decree.
The Fed's track record speaks for itself: boom-bust cycles, inflation, wealth inequality, and moral hazard. Friedman saw it decades ago. We're living it now.