Bitcoin Q&A: How Could a Hard Money Economy Respond to Crises?
0:00 How could hard money societies address mass unemployment?
1:05 Does financial stimulus work? And the Cantillon effect.
3:02 What are the crisis relief options in a hard money economy?
What would happen if a crisis hit a hard money economy where printing money for financial stimulus was not possible?
Many in the crypto community appreciate Bitcoin because it can not be inflated. However, in tough times governments use money as a tool to stimulate recovery. How would economic stimulus work in a hard money economy? How well does financial stimulus work now and what would be the crisis relief options in a hard money economy?
This question is from the Patreon Q&A session which took place on April 25th, 2020. If you want early-access to talks and a chance to ask questions in the monthly live Q&As with Andreas, become a Community Builder on Patreon: https://www.patreon.com/aantonop
Bitcoin Q&A: How would Bitcoin be affected by a return to a gold standard? – https://youtu.be/NmiT-a2g0fw
Bitcoin Q&A: Will bitcoin become the world’s reserve currency? – https://youtu.be/ctz4E5Z21No
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