by David Stockman
LewRockwell.com
Goodness gracious, me! Is this the ultimate case of the pot-calling-the-kettle-black or what?
If there were ever a pure play in the great fraud of fiat, Elon Musk is it. Yet here he is electing to go with crypto instead.
The true battle is between fiat & crypto. On balance, I support the latter.
Actually, there is a seminal picture in these few words and it amounts to this: Crypto currencies are not money, they are the latest boiling hot speculative asset class that, ironically, is just another bastard spawn of the central bank money-printers. They are not an alternative to bad central bank money; they’re are an issue from its own loins.