Historically, politicians have always fought for the power to create money out of thin air, so they can increase their spending without having to directly increase taxes. The staggering growth of political power throughout the twentieth century — the century of war — was largely made possible by replacing money limited by gold with paper currencies, which can be printed at will by government-controlled banks.
Bitcoin Vs. Political Power: The Cryptocurrency Revolution – Stefan Molyneux at TNW Conference
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