#Friedmanite economists, such as Milton Friedman or David Friedman themselves, have expounded the benefits of relegating monetary policy to more predictably responsive systems than a human-guided central bank.
Milton advocated a predictable algorithm run exclusively by computers. David advocated a free-market, decentralized, commodity-backed monetary network of rational issuers. Bitcoin is the full realization of both, in addition to being the sly, roundabout way to a new standard that Hayek foresaw.
#Bitcoin is Friedmanite Money just as well as Austrian money.
Kevin's Bacon
npub18h…d8059
2024-11-07 20:17:29
Author Public Key
npub18hdy2qy2qwga0ye7rtnucwuyf07erjfdmm7s74wwdt7sy4mk7tdsdd8059Published at
2024-11-07 20:17:29Event JSON
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"content": "#Friedmanite economists, such as Milton Friedman or David Friedman themselves, have expounded the benefits of relegating monetary policy to more predictably responsive systems than a human-guided central bank.\n\nMilton advocated a predictable algorithm run exclusively by computers. David advocated a free-market, decentralized, commodity-backed monetary network of rational issuers. Bitcoin is the full realization of both, in addition to being the sly, roundabout way to a new standard that Hayek foresaw.\n\n#Bitcoin is Friedmanite Money just as well as Austrian money.",
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