Why the Rise of a Bitcoin Standard Could Deter War
Alex Gladstein, director of strategy at the Human Rights Foundation, said if adopted as a global reserve currency, nation states would have less incentive to start wars.
According to Gladstein, the United States was able to sustain its “eternal wars” in Iraq and Afghanistan primarily by borrowing capital. This was possible in large part due to the monetary policy of the Federal Reserve, which kept interest rates relatively low through quantitative easing.
Continue reading on Coin Telegraph
Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.