Ron Paul: Bitcoin should be taken seriously in the age of 'free money'

The Bitcoin 2021 conference in Miami kicked off today with libertarian and former presidential candidate Ron Paul criticizing the Federal Reserve and saying that Bitcoin "needs serious consideration" given the current state of the economy and the Fed's monetary policy. The former Republican Party black sheep told the crowd in Miami that the current US monetary policy is a disaster and that the central bank should be scrapped altogether. Paul made a name for himself in the 2008 and 2012 US presidential elections with calls to "end the Fed". As for President Joe Biden's $6 trillion budget proposal, which would be the largest federal spending since WWII, Paul said current economic policies could no longer continue. "The problems will get worse," he told an enthusiastic crowd. "There's a lot of free money in circulation these days, and it's all fake and all comes from political corruption. Free money means they're either going to print it or steal it." "If you know anything about me, I've been in politics for a few years… I have a solution. One of my foreign policy solutions was when we were in places we shouldn't have been," I said. 'We just got in, let's get out.' The Federal Reserve doesn't need the Federal Reserve built on corruption, so what we have to do is get rid of it," said Paul, a former Republican congressman for Texas, a member of the US government launched last year to counter the economic effects of lockdowns and lockdowns caused by the coronavirus pandemic. The U.S. government has since pledged to spend more—something that many ardent crypto enthusiasts believe will eventually lead to inflation, the death of the dollar, and the mass adoption of Bitcoin. Miami Pharmacy is 'Bitcoin' for COVID testing as the conference enters the city. I accept.

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