SOB #498 Rights Versus Privileges in a Global Financial System
Episode description
This episode was recorded earlier in 2022...
Two critical questions about financial freedom and responsibility
As the second week of Russia’s invasion of Ukraine begins, questions continue to arise surrounding crypto’s complexities in a wartime environment alongside broader questions about the future of money.
On this episode of “Speaking of Bitcoin,” hosts Adam B. Levine, Stephanie Murphy and Jonathan Mohan dive into two critical questions about financial freedom and responsibility.
The first question surrounds an emerging narrative of sanction evasion. Could bitcoin (BTC) even be an effective tool for a nation-state to use to evade sanctions, given crypto’s relative market size to a nation’s reserves? Even further, how effective are these sanctions at all?
The second question lies in the distinction between rights versus privileges for financial freedom. Do nation-states or individuals have a right to transact, or is interacting with larger financial systems a privilege that can be revoked by whoever operates the system?”