Before we can evaluate if and how Bitcoin is worth any value, we must first acknowledge and agree that there are problems worth solving.
With the recent events in Canada, it is worth a brief investigation of how governments have controlled the flow and supply of money throughout the world and throughout history. (cover photo by sebastiaan stam [https://unsplash.com/@sebastiaanstam?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText] on Unsplash [https:
The latest reports put inflation at 7% (as of December 2021). The media and government narrative has changed over the last year, and inflation is here to stay - only the Costco hotdog has managed to survive inflation so far.
In the last two years alone, the United States government has increased the money supply by more than 37%, thereby devaluing the US dollar for every person and country who relies on it as a store of value for conducting daily business.
This article offers a look into the fundamentals of money - it's history, how basic economics work in conjunction with money, how money is created in the United States, and what tools our government (Federal Reserve) has for managing the money supply.