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Hayek and Bitcoin
Digital Money, Inflation & Deflation

Hayek-Style Cybercurrency

Kevin Dowd/May 6, 2015June 19, 2022

In his ground-breaking work, Denationalisation of Money: the Argument Refined, F.A. Hayek proposed that open competition among private suppliers of irredeemable monies would favor the survival of those monies that earned a reputation for possessing a relatively stable purchasing power. One of the main problems with Bitcoin…

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