“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/
Related posts:
Washington State Edges Closer to Taxing Drivers by the Mile
300 Year Old Russian Watch Factory Raketa Accepts Bitcoins
Western Union Tanks on Poor Guidance as Bitcoin Gains Prominence
Janet Yellen: An Insane Choice for a Debt-Crazed Economy
Oregon election worker fired for altering ballots to Republican straight ticket
Goldman Sachs Buys Gold; Tells Public to Sell
Private Prisons Currently Exempt from Freedom of Information Act
Graham says FBI should confront people who view ‘Islamist’ websites
Textbook Publisher Pearson Takes Down 1.5 Million Teacher And Student Blogs With A Single DMCA Notic...
Foreign Governments and Congress Have Scrapped the 10th Amendment
China is building a DMV station powered by AI, not humans
Feds Crack Encrypted Drives, Arrest Child Porn Suspect
Farming Experts Predict Food Safety Laws Will Destroy Local Foods Trend
Anonymous predicts demise of Corrections Corporation of America
Police databases, key to Trump’s opioid crackdown, push addicts into black market