“George Mason economics professor Peter Boettke made his first FreedomFest appearance and presented some harrowing statistics pointing to the demise of the United States. However he made the analogy that the economy is like three horses. The Adam Smith horse drives prosperity through gains from trade. The Joseph Schumpeter horse provides constant innovation from technology. The third horse, what Boettke calls the stupid horse, is government. Both the Smith and Schumpeter horses created bitcoin and as much as the government tries to rein it in, those horses will stay ahead. The government horse is too slow and stupid.”
http://dailyanarchist.com/2013/07/17/bitcoin-a-bet-against-the-stupid-horse/
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