Facebook’s Libra: Virtual Fiat

Facebook’s Libra: Virtual Fiat
Facebook sponsored the Libra Consortium which consists of a couple dozen of the most powerful internet players, like Google, PayPal and Uber. The article re-posted here, written by yours truly, explores the idea that the Libra is the antithesis of market-generated currency, and was just published at Mises.org:  “It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies” “Nobel laureate F.A.… Read the rest