Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation. The problem is, what central bankers are targeting is a phantom that does not exist.
Donald Trump’s rise in political power seems to be America’s angry message to its leadership just as the Brits sent a blistering message in the form of “Brexit” to their leaders. The recent vote to leave the European Union sent shock waves throughout Europe and various parts of the World. Political leaders and the media in both the United States and Europe expressed bewilderment, or perhaps an unwillingness to understand that Americans and the Brits have the following in common: both are disgusted with the inability of their leaders to resolve basic problems, such as a failed immigration system.
In just eight years, Bitcoin and the idea of “virtual currency” have gained acceptance and use both online and in the physical world. Spread by word of mouth and other “viral” means, decentralized virtual currencies have gone from a mere thought experiment to a tangible economic reality.