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Bitcoin & CBDCs

The vicious cycle of rising public debt, monetary inflation, and consumer price inflation is one of the greatest challenges of our time. Inflation primarily harms lower-income Americans, and we must protect Americans’ ability to place their savings in inflation-protected assets like bitcoin. Furthermore, we must reform financial regulations to ensure that lower- and middle-income Americans have access to basic financial services and the innovation economy.

Avik Roy on What Bitcoin Did

“Free enterprise and individual liberty and innovation/entrepreneurship do actually increase prosperity for lower and middle-income people, they’ve done that all over the world; we’ve lifted a billion people out of poverty in India and China over the last 20 years…and we can do that again.”

Avik Roy on The Federalist Radio Hour

On this episode of The Federalist Radio Hour, Avik Roy, president of the Foundation for Research on Equal Opportunity and policy editor for Forbes, joins Federalist Culture Editor Emily Jashinsky to give insight into the relationship between cryptocurrency, bitcoin, and inflation.

Avik Roy on What Bitcoin Did

"A lot of people, particularly intellectuals, like to complain about our consumerist culture in America. Well, what creates a consumerist culture? A monetary policy that destroys the long-term value and reward for saving your own money."