Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled “Bitcoin & the U.S. Fiscal Reckoning.”
Finance
Fiscal responsibility is the cornerstone of sound government. Without it, we’re putting our future at grave risk of insolvency, including programs low-income people rely on, such as Social Security and safety net programs. It increasingly puts the present at risk, too.
As our nation’s debt and deficit soar, the current policy solution for many is to spend our way out of it. FREOPP couldn’t disagree more. This method has harmed Americans with rampant inflation, unpredictable markets, and stagnant economic growth.
If America hopes to maintain its position atop the global economy, we must get our spending under control. Otherwise, it’ll be increasingly difficult to provide pathways for lower- and middle-income Americans to rise.
All Finance
“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.”
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.
Future of Freedom
"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."