The Money Monopoly Itself is The Abuse


August 11, 2021

by Joel Schlosberg

Commission Chair Gary Gensler might seem one of the least likely people in the world to praise Bitcoin as an example of "how technology can expand access to finance and contribute to economic growth" -- while noting its founder Satoshi Nakamoto's intentions "to create a private form of money with no central intermediary, such as a central bank or commercial banks" ("Remarks Before the Aspen Security Forum," August 3).

Yet while Gensler praises the technological breakthroughs of Bitcoin and other cryptocurrencies, he evaluates them from the existing framework of money issu...

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