bitcoin

_Broken Money_ book club, part 4

elvismercury

We've had some discussions on SN about possible exit strategies in the event that the government gets more aggressive and tries to squeeze hader.  This paranoia would seem to be warranted:

> “During periods of financial repression, governments historically turn to capital controls and lending restrictions to ensure that people hold the currency and the bonds while they are devalued. Interest rates are kept low for the government, but restrictions are placed on the private sector from making use of those low interest rates in unapproved ways.” (p. 289)

Based on how this has worked in the past and in other parts of the world, what should we expect in the coming years as governments try to prevent capital flight?  How do the unique affordances of bitcoin change how this is likely to play out?