
“In Denationalisation, Hayek wrote that if anything resembling his vision were to come about, it would probably happen in a way he had no chance of accurately predicting-and on that count, he was definitely right. We, however, may be in similar position to the one he occupied some thirty seven years ago. If Bitcoin succeeds, it will completely alter the way human beings relate to the creation and management of money; the future that’s set to unfold over the next three and half decades is probably even more opaque to us than our present day was to F.A. Hayek.”
http://letstalkbitcoin.com/hayek-to-satoshi-and-beyond/
Related posts:
Bill Bonner: Never Never Land
Bruce Schneier: Why are we spending $7 billion per year on TSA?
Why people renounce US citizenship: A most Noble perspective
Secrets and Lies of the Bailout
Dear World, Americans Don't Want War With Syria
Lawrence Reed of FEE on the Expansion of Free-Market Thinking
Judge Napolitano: Is the FISA Court constitutional?
War Doesn’t Make Sense Anymore
Bill Bonner: Middle Class? What Middle Class?
Robert P. Murphy: The Economics of Bitcoin
Bitcoin Mining’s Inevitable Cloud Future
Why The U.S. Job Market Remains Terribly Bleak
Jeffrey Tucker: How Medical Innovation Redefines Our World
I'm Astounded by This Terrorism Statute
Our Huge, Stinking Mountain of Debt: Student Loans