> He said the dollar has value, not that it is sound. He gave a completely ridiculous reason why the dollar has value. It's along the lines of "Bitcoin has val

> He said the dollar has value, not that it is sound. He gave a completely ridiculous reason why the dollar has value. It's along the lines of "Bitcoin has value because it is scarce and hard to create". It's a non-sequitur. It's also ignoring that 90% of the money supply is not created by the government. Perhaps he wanted to sanitize the following argument: Each year, there's a lot of people that owe a certain amount of dollars to the US government. If they don't find those dollars, they could end up in jail. This is a valid reason why the US dollar has natural demand and thus is valuable. > If you think you understand better than a leading professional in the field, you might be the mistaken one. That's not what I am saying. I'm pretty sure he knows better, but he is lying to you with a straight face. That's part of his job.