http://bitcoinmagazine.com/15954/bitcoin-austrian-economics/
Austrian Economists are harsh critics of government central banks (such as the Federal Reserve System of the United States – a name intended to obscure its role as a central bank, unlike the Bank of England). Austrian Economists can also be very critical of fractional reserve banking, the practice of lending money in greater quantity than the amount of deposits. For these reasons, Austrian Economists could be expected to be enthusiastic supporters of Bitcoin. Unfortunately, this is usually not the case.
Topic: [2014-08-27] Bitcoin and Austrian Economics (Read 646 times)
Jump to: