Editor's note: Yup, more hubris, this time from a French economist. He's probably a hack hired on by a European central bank. Let's take a look at bitcoin (btc) for a minute to counter this French economists "blueprint." Bitcoin must be understood as
operating entirely outside the current fiat monetary system, which relies on perpetual inflation and debt expansion to sustain itself. A fact this clown economist from France never discusses. In a truly free market,
the natural state is deflationary: exponential technological progress (like Moore's Law and digitization) drives down the marginal cost of production and goods/services over time, increasing abundance, choice, quality, and real purchasing power for everyone. Central banks and governments fight this by printing money to inflate the currency supply, devaluing savings, distorting price signals, misallocating capital, fueling bubbles, inequality, and control, essentially
propping up inefficiency and debt at the expense of genuine progress.
Bitcoin, with its fixed 21 million supply, decentralization, and resistance to manipulation, acts as the first true global free-market money and a "protocol" for value. It allows prices to fall naturally in Bitcoin terms (as technology advances), accurately reflecting abundance rather than fiat illusion. Holding or transacting in
Bitcoin shifts one's time and value outside the inflationary system, enabling sound incentives, true capitalism (where risk is properly rewarded/punished), and an abundant future without forced scarcity or top-down management.