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A comment on Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says. Parent comment

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by maoistinquisitr on Thursday November 30, 2017 @02:08AM (#15813976)
The canals and rails are the expected endogenous result of a unified european or east asian people blessed with such land, after being formed by a thousand years of scarcity and warfare. It's not a monetary policy or tax thing.

These people just don't get that civilization is energy flows and culture, not laissez-faire economic policies.

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by WalterBright on Thursday November 30, 2017 @03:52AM (#15814333)
Why didn't it happen in S. America, Central America, Africa, etc.? The only consistent pattern distinguishing prosperity from poverty is free markets.

Anyhow, my point was fiat money was not a necessary condition for such prosperity.

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