Victor Vanelli

Why do independent central banks exist in the modern economy? It was originally thought independent central banks would prevent government extravagance from creating inflation.

Government-sponsored currency means one does not own one‘s money. Cryptocurrency, however, is privately owned, which is a threat to government's money monopoly, potentially creating monetary property rights.

Every law or regulation carries an economic cost that cannot be ignored or precisely predicted, altering economic incentives and stifling innovation and entrepreneurship.