Remember what was said is.....
The persistence of Bitcoin poses a challenge to established economic principles. "I'm hoping it will bust" Fama said, "because if it doesn't, you have to start all over with monetary theory". He suggested that if Bitcoin maintains its value long term, consists would need to fundamentally rethink their understanding of money and markets.
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I bet if Hayek was alive he would strongly disagree with Fama.
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