Traditional medicine, alternative currency

I have occasionally linked to G. Keith Smith, MD, who runs Surgery Center of Oklahoma, one of the few medical facilities that posts its prices for all to see, mostly because I like to encourage that sort of thing.

I knew that they were basically a cash-only operation, but apparently they’re now accepting bitcoin, and Dr Smith, as always, is unapologetic about it:

What underlies my willingness to accept methods of payment other than traditional methods of payment is my concept of exchange itself. Any exchange deemed to be mutually beneficial naturally tends to occur unless the state intervenes. This natural tendency for the exchange to occur prevails as both parties in a mutually beneficial exchange see themselves better off subsequent to the exchange and desire its occurrence, otherwise, one or both parties wouldn’t want to exchange their goods or services in the first place.

As for one particular objection that could be raised:

For those who say derisively, “…you never know what the value of the bitcoin is going to be from day to day,” I wonder why they don’t think the worst about the dollar’s value, given its history? After all, some 95% of the dollar’s value has been stolen since “managed” by the central bankers, so it seems clear regarding what results from the state “regulation” of any currency.

There’s always a chance that bitcoin will go up. The dollar? Don’t hold your breath.







1 comment

  1. zigzag »

    26 March 2014 · 10:10 pm

    oh yes. This man should be writing school textbooks –

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