Plunder Capitalism: Is the Bitcoin Strategic Reserve Trial Balloon the Next Step in the Great American Land Grab?

“We are watching what appears to be a significant “astroturf” campaign to persuade the federal and state governments to begin significant BTC buying programs using taxpayers money and funds borrowed with every expanding debt to fund BTC to be held on government balance sheets. This will solve a major problem faced by the Bitcoin billionaires – how to liquify their holdings in a market that is not sufficiently broad and deep to allow them an exit during a major pump.”

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Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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