> So you don't like governments being able to have fiscal tools in times of crisis like now. Precisely. It's not just "times like now," but is all of the time.

> So you don't like governments being able to have fiscal tools in times of crisis like now. Precisely. It's not just "times like now," but is all of the time. The tool has not stopped being used, even in times of prosperity. The only conclusion we can draw is that the tool is not fit for humans to handle, because they're too self-interested. The tool in question happens to benefit the early recipients of new money, who get to spend it at full value at time of printing before it gets devalued due to the increase in supply (without corresponding increase in demand, meaning it creates no new wealth). The later recipients of the new money have reduced purchasing power because they have to pay higher prices. This is the Cantillon Effect, which has been known about for centuries. What governments should do "in times of crisis like now," is have a savings account that they can dig into to alleviate the problems, just like every individual should have too. The future is never certain and if you fail to account for the unexpected, it is nobody's fault but your own. The tool in place now is an unjust tax, because it is taxation without representation - nobody in the FED is elected. As it happens, sound money is a great tool for planning for the unexpected because it allows people to save money in the long term for a rainy day without having to put that money into high risk investments, which don't provide the liquid money when it is needed in emergencies. Saving with fiat is not possible because the money is being constantly devalued (due to abuse of the tool you mentioned), and so they money isn't worth the labour one exerted to earn it once they come to spend it. Thankfully, it doesn't matter whether you prefer this or not. All that matters is whether people who want to save money decide to do so with better money, and when they do, you can't stop them. Bitcoin leaves the market to operate freely, and we'll see whether this financial system can replace the one where the government keeps trying to intervene in the market.