In this video, I discuss the Minneapolis Fed paper on the obstacle that Bitcoin poses to out-of-control government deficit spending. This paper provides the theoretical foundation for Bitcoin bans and high taxes on Bitcoin.

The financial backdrop to this drama is the ongoing sovereign debt crisis, in which US debt dwarfs the size of the real economy, and thus can never be serviced or paid off without the assistance of Fed money printing.

Those who don't hold their savings in Bitcoin will be victims of central bank money printing and frog-boiling.