Friedrich August von Hayek predicting Bitcoin in 1984 A Sly Roundabout Way
1 year ago
16
Nobel laureate F. A. Hayek (1899-1992) was one of the world's leading free-market economists and social philosophers.
In this excerpt Hayek predicts Bitcoin when he imagines that state and money needs to be separated in order to prevent the disaster of monetary policy set by the central planners. He anticipates that it would require some sly, roundabout way to create money that "they can't stop".
Hayek wrote books such as "The Road To Serfdom" and "Denationalization of Money" which are fundamental to anyone who seeks to understand economics, politics and money.
Video protected under Creative Commons license (CC BY-NC-ND 3.0)
Also see: https://www.craigshipp.com/Bitcoin
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