The Utility of Saving [Pierre Rochard]

“People hold money to hedge against future uncertainty. This is why it is so crucial for a monetary system to optimize for minimizing its own uncertainty. Bitcoin’s purchasing power is an external quantitative risk that can be insured against, not an internal qualitative uncertainty.” – Pierre Rochard

Link to the read:

Check out Pierre on Twitter:

Dig deeper into these ideas with an excellent piece from Hans Hoppe we covered ages ago on the podcast:

The Yield From Money Held Reconsidered:

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