The state is able to create money for printing zeros, unlike any other entity. It took a couple of years for the widepublic to appreciate this, and for central bankers to come on board with us. I think it's 60 minutes i gon see b oi, well, we don't print money. We use the computer. We just ad zeros. Ha, ha, ha,. ha, ha, ha, ha, hu-huh! The public has been told to live in a regime of austerity and economic discipline like a kind of, there is no aerat a context of new liberalism," he says.
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
Support The Dig at Patreon.com/TheDig
Check out We're Not Here to Entertain: Punk Rock, Ronald Reagan, and the Real Culture War of 1980s America by Kevin Mattson global.oup.com/academic/product/were-not-here-to-entertain-9780190908232