Hey, that's a very interesting document Tante. Never seen it.
Do you have a TL;DR version of his conclusions ? Is he discussing pegged currencies ?
I'm so sorry Tok, didn't see this. Not sure what a TL;DR is but the second link is kind of more updated. It was all written before the internet really (or the earliest versions of internet) Which is why it's even more massively amazing. Hayek was an amazing philosopher and economist. And though he was Austrian, he wrote a lot of his works in English! In particular, his last book, which my husband has misplaced! UGH.
Anyway, those are his papers with updates by an editor or whatever you call him?. Not very long really. And not a difficult read if I can follow

Hopefully you'll keep reading. None if this bitcoin cryptocurrency stuff was around back then , so it's just amazing that he could see so closely matched the near future

Which makes me think all this was inevitable and nothing is going to stop cryptocurrencies from taking over.
