WOLLENBERG/UPI/Newscom WASHINGTON POOL/SIPA/Newscom RICHARD B. Stiefel Center for Trade Policy Studies, in a recent article for Reason titled, "Globalization Is Alive, Well, and Changing.""Free trade certainly isn't painless, but its disruptions do not outweigh its tremendous economic benefits for both the country and the world."Photo Credits: ROGER L.
#PIERRE ROCHARD BITCOIN FREE#
manufacturing output has more than doubled since the passage of the North American Free Trade Agreement (NAFTA)."Even as its justifications and the global economy change, the current skepticism toward free trade and globalization remains misguided," wrote Scott Lincicome, the Cato Institute's director of general economics and Herbert A. Although the total number of Americans working in the manufacturing sector has been declining, that's a global phenomenon driven by automation. After the financial crisis of 2008, Occupy Wall Street, the election of Donald Trump, and the resurgence of the progressive wing of the Democratic Party, that consensus fractured.Free trade and globalization have given Americans more spending power, created better-paying jobs, lifted millions out of poverty, and made the country less vulnerable to supply-chain shocks and other crises. was once a bipartisan agreement that free trade was good for both America and the world. It has made the world dramatically richer and safer. Photo: The Mises Institute Kirez, CC BY-SA 4.0, via Wikimedia Commons Rangan Datta Wiki, CC BY-SA 4.0, via Wikimedia Commons Narrated by Nick Gillespie edited by Clay Barnett and John Osterhoudt This debate was moderated by Soho Forum director Gene Epstein. Pierre Rochard, co-host of the Bitcoin for Advisors podcast, took the negative, arguing that the technological advantages of bitcoin will make it the preferred medium of exchange in a post-dollar world. Keith Weiner, CEO of Monetary Metals, defended the resolution: “Gold will remain an important form of money in the 21st century.” Weiner took the position that gold is poised to hold on to the monetary status it’s enjoyed for the past 5,000 years and that its recent performance only confirms why.
That was the subject of a Soho Forum debate held on July 26 at the Mises Institute in Auburn, Alabama, as part of Mises University, an annual instructional program in the Austrian school of economics attended by over 80 accepted students from around the country.
Will gold remain an important form of money, or are cryptocurrencies like bitcoin set to overtake it? Monetary Metals CEO Keith Weiner defends the future of gold against bitcoin podcaster Pierre Rochard.