Genius #Hayek predicts #Bitcoin in 90s.
Through inflation they both steal your savings and devalue your labour/work/life at the same time. And they keep doing this continuously over years and years. But the later is far more evil than the stealing savings because it is cumulative! This is an order of magnitude more evil... That's why things are getting more expensive rather than getting cheaper although productivity increases exponentially. @Jeff Booth, I think got it! Have I ?😊 #Bitcoin
I have a dear friend who holds a Phd in Economics. The skills she listed on linkedin are Quantitative research, Climate Change, Applied Econometrics, Economics and Labour Economics. I know she is successful in her domain and works as a researcher in a European institue. Today I asked her if she read Austrian Economics or interested in it and she said no. It must be earlier than we think. So exciting! #Bitcoin