We need to re think the kinds of power relationships that currently allow banks to extent credit without any meaningful obligations. And secondly, we got to talk about who is able to provide credit. Ke whether we need to cmplement private credit creation through more public credit creation. Would that be a better way to insure that state backed liquidity funds human flourishing instead of oligarchic enrichment?
Episode two of our two-part series on cryptocurrency: political theorist Stefan Eich on how crypto fits into Hayek's old neoliberal dream of private money and why that vision emerged in a new form in the wake of the 2008 financial crisis.
Read Stefan's article: static1.squarespace.com/static/5ae8a7b625bf02c0b85aec02/t/5c923c13eef1a1ce843836ff/1553087508427/Stefan+Eich%2C+Old+Utopias%2C+New+Tax+Havens+%282019%29.pdf
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