Ludwig von Mises, Salvadorian Bitcoin, and the Invisible Hand

in #blog3 years ago

GRESHAM'S LAW DOES NOT APPLY TO BITCOIN IN EL SALVADOR - https://bitcoinmagazine.com/culture/greshams-law-bitcoin-el-salvador - Oct 5, 2021

This is an interesting article - about which many of you may have greater insights than I.

But I think it is noteworthy to point out my major takeaway from this current experiment. It is: That it is not governments or academics that determine Human Action. And, that it is not chalk-encrusted Economists who will determine the outcome here – no matter their global pretensions.

Bitcoin's evolving relationship with other currencies will be determined by Mises' Invisible Hand.

JH

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