Lately, I’ve been diving into the people and projects that inspired Bitcoin
I’ve been fascinated with Friedrich Hayek’s work, the Austrian economist
The screenshot below is from his 1974 book on the denationalization of money
Hayek argued against the monopoly on money, advocating instead where both private and public entities could create different forms of currency, believing that the free market should determine which form of money best meets individuals’ needs
His work has given me a more broader perspective of Bitcoin and ‘crypto’. Representing the free market of money literally unfolding before our eyes, where individuals now have that power to choose
What fascinates me most is how Hayek dedicated his life to getting his economic theory to be broadly accepted, and now years after his passing, is organically doing so
#Thought #Hayak #Economics #Money #Bitcoin #Nostr
