In 1976, economist F. A. Hayek famously argued that the growth of private currencies would diminish the place of government-issued currencies in the economy. He was confident that market competition would supply better-quality money — what he called “good money” — than the state.

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In 1976, economist F. A. Hayek famously argued that the growth of private currencies would diminish the place of government-issued currencies in the economy. He was confident that market competition would supply better-quality money — what he called “good money” — than the state.

In 1976, economist F. A. Hayek famously argued that the growth of private currencies would diminish the place of government-issued currencies in the economy. He was confident that market competition would supply better-quality money — what he called “good money” — than the state. submitted by /u/Jumpman707
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