Post
Topic
Board Economics
Re: the effects of fractional reserve on bitcoins value
by
caveden
on 29/10/2013, 19:46:24 UTC
Please understand that the government is a form of regulation created by the free market.

This phrase is a self-contraction. If you don't see it that way, that's because you don't truly understand what free market means.
Hint: free market != market. The former is just a subset of the latter.
Ex: an assassination market doesn't belong in free markets.
Same thing for governments. Their coercive nature is incompatible with the premises of free markets.