
1137: Contempt Kabuki
Bitcoin Price Surge, Congressman Brad Sherman and US Dollar Hegemony
As Bitcoin's price surpasses $7,000, Congressman Brad Sherman calls for a bill to outlaw cryptocurrency purchases by Americans. Sherman argues that Bitcoin's primary purpose is to disempower the United States by making international sanctions and the New York Fed's clearing system irrelevant. The hosts agree with Sherman's assessment of Bitcoin's disruptive potential but view it as a positive form of competition for the dollar.


