Thanks for the link to your article about fixed monetary supply, Jason. On this thread: I would think that central banks are recognizing that blockchain technology and crypto assets are going to be transformational in finance and that the fiat currency monopoly will be injected with a new competitive monetary system driven by traditional measures of money in cryptocurrencies. The Bank of England has indicated this already. Perhaps the re-emergence of the Chicago Plan is in some part a reality check for central banks in the face of bitcoin evangelist heresy - that debasement matters. As for stability in cryptocurrencies, it is certainly the wild west at the moment, but we can all agree that monetary policy has been co-opted by the interventionist state for far too long and the moral hazard is now too great. Vollgeld and the emergent blockchain technology are, perhaps, signaling the pendulum will take us back to a monetary system with market integrity. We will see Gresham's Law at work again.

Looking forward to your next post!