Hey, everyone, welcome to the What Is Money Show.

I am thrilled to be sitting down today with Mr. Ovik Roy, who's the president of the foundation for research on equal opportunity, which is freeop.org, F-R-E-O-P-P-O-P.org.

And he's also the policy editor at Forbes.

And Ovik, first of all, welcome to the show.

Thanks, Robert.

Good to be here.

Great to have you.

You have written this excellent piece that we're going to go through a bit today titled

Bitcoin and the U.S. fiscal reckoning.

And as we were just saying offline, I think you've done a great job of hitting the tops of a lot of waves that are hopefully getting some of these deeper, more important topics like how the Treasury

bond market works or Austrian economics into the minds of people, at least getting people

asking questions about what's going on or better questions, I guess you could say. So I'll read

just a quick excerpt here to get us rolling. You write that, quote, in time, and this is in regard to

U.S. policymakers, in time, U.S. policymakers will face a solomonic choice, either protect Americans

from inflation or protect government's ability to engage in deficit spending. It will become

impossible to do both.

Over time, this compounding problem will escalate the importance of Bitcoin."

So I mean, this is really the crux of the issue, right?

We have an organization in the world, which is the largest organization in the world,

the largest corporation, as Elon's recently said, that has this unique ability to

produce losses at infinitum or what you call deficit spending here to just effectively

not be accountable to their customers. If you come to understand it that way, it seems pretty obvious.

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