Re:Bitcoin is Worse is Better
by narrator on Sunday September 29, 2013 @09:52PM
(#6467390)
Bitcoin works because it's actually a sneaky way of teaching the world Hayekian monetary theory without all those extremely long translated German sentences with multiple subordinate clauses. Ever read "The Denationalization of Money"(http://mises.org/document/3970)?
[ Parent
| on HN ]
I would suggest rather John Law's 1705 essay "Money and trade considered: with a proposal for supplying the nation with money". Interestingly enough Graeber's history of debt overlooks this crucial step, namely the establishment of fiat currency of which there are different forms.