Wednesday, June 23, 2021

Resolution

Bitcoin will eventually replace governments' fiat money as the preferred medium of exchange.

For the affirmative:

John Vallis is an advocate for personal freedom, and believes strongly in the potential for bitcoin to serve as the foundation for individual sovereignty in the 21st century. John started his career in Private Wealth Management in Shanghai, China, but quickly became disenchanted with the perverse incentives and lack of integrity inherent in legacy finance. He now consults on how best to understand and engage bitcoin to both institutional and individual clients, and explores the many aspects of the bitcoin phenomenon by speaking with experts, entrepreneurs and community members on his podcast, 'Bitcoin Rapid-Fire’.

For the negative:

Lawrence H. White is Professor of Economics at George Mason University. He is a Senior Fellow of the Cato Institute and a Distinguished Senior Fellow of the Mercatus Center. His latest books are The Clash of Economic Ideas (Cambridge University Press, 2012) and (as co-editor) Renewing the Search for a Monetary Constitution (Cato Institute, 2015). Best known for his work on market-based monetary systems, White is also author of Free Banking in Britain (1984; 2nd ed. 1995), Competition and Currency (1989), and The Theory of Monetary Institutions (1999). His research has appeared in the American Economic Review, the Journal of Money, Credit, and Banking, and other leading economics journals.