Mixed martial artist Renato Moicano explains why he studied the Austrian School of Economics after joining the UFC.
UFC star Renato Moicano says he wants to get his bonus paid in bitcoin as he predicts a rise in interest rates. "Bitcoin, even though it’s dropping a little bit, I think is defense against the tyrant state, it’s a defense against inflation too, because eventually it’s going to go up because everybody’s knowing what Bitcoin is," Moicano explained on "Making Money," Wednesday.
The dollar is losing value because the interest rates, because the government keeps printing money. Keep doing your handouts, keep doing, like, welfare to the people," Moicano stressed. Bitcoin represents "supply, demand and scarcity," a "huge part" of the Austrian School of Economics, he told host Charles Payne. Moicano, a proponent of the Austrian School of Economics, first discovered the theory when he joined the UFC."The government started to take my money.
Moicano praised the Austrian economics school's principles, suggesting that they’re important "for a free market society, free market of ideas and free market of enterprise." The Brazilian native argued that some Americans don’t understand how important it is to "love the empire of the laws.""What made America successfully rich and prosperous was the free market society, free market of ideas and the accountability and the system of justice," he expressed.
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