Re:Cryptocurrency Is Bunk
by dragonwriter on Sunday October 17, 2021 @11:47PM
(#28902051)
> Milton Friedman isn’t an Austrian economist whatsoever.
That, strictly speaking, does not contradict the article, which says that the ideological basis of cryptocurrency is in Austrian economics, and that that basis is captured by a particular saying of Friedman's. The statement is one i which Friedman is in agreement with the Austrian school, and modern American adherents to the Austrian school, IME, often quote it, and while the Austrian schools shares the view there is no equally famous articulation of it by a member of the school.
> Simple mistakes like this are ubiquitous in any Jacobin article on economics or business.
The only mistake I see there is you reading a false claim into the piece that isn't actually contained within it.
That, strictly speaking, does not contradict the article, which says that the ideological basis of cryptocurrency is in Austrian economics, and that that basis is captured by a particular saying of Friedman's. The statement is one i which Friedman is in agreement with the Austrian school, and modern American adherents to the Austrian school, IME, often quote it, and while the Austrian schools shares the view there is no equally famous articulation of it by a member of the school.
> Simple mistakes like this are ubiquitous in any Jacobin article on economics or business.
The only mistake I see there is you reading a false claim into the piece that isn't actually contained within it.