Gresham’s Law: Why Bitcoin Will Save the World - Listen - Minor

Gresham’s Law: Why Bitcoin Will Save the World

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What explains Bitcoin? Why does it exist, and why is “nothing” worth $70,000 a piece? Moreover, there are millions of owners of Bitcoin and other cryptocurrencies and yet few real transactions take place relatively speaking. How does this relate to the coming of a BRICs currency, the reserve status of the petrol-dollar, and the war on cash? Mark Thornton discusses Gresham’s Law, one of the most ancient and impactful principles of modern human society. Order a free paperback copy of Murray Rothbard’s What Has Government Done to Our Money? at Mises.org/IssuesFree. Follow Minor Issues at Mises.org/MinorIssues.

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