Sohi's idea was that a bank issuing its own private currency, but then over extending it, would somehow be punished by the market and either go out of business or witness some kind of fino. And so competition will come to to save us. By contrast, gunner mirdall supported third world country's call to respond to these crises of the seventies by creating a new international economic order. O merda: How did myrdel's diagnosis of what was wrong with money at the time differ from that of hk? I mean, pretty big differences. But what were the basic analytical or ideological factors that counted for those differences? The first thi observation that's worth
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