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Why "Wild Swings" in Crypto Prices Are Not Really a Problem

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Tags U.S. History

06/12/2021Doug French

Price "stability" has never been a feature of a free marketplace.  Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing. 

Original Article: "Why "Wild Swings" In Crypto Prices are Not Really a Problem"

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Author:

Doug French

Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

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