I COME TO praise bitcoin, not to bury it. I certainly don’t come to praise government fiat money or central banking, which I’ve been criticizing in print for my entire career. My first two books, Free Banking in Britain and Competition and Currency, present the case for free and decentralized banking over central banking. I would love it if the world economy were to run on a completely private monetary standard with free banking.
My forthcoming book, , argues that gold would be a better monetary standard than bitcoin, and that gold is the standard more likely to