Source: Ludwig von Mises Institute
by Victor Vanelli
“The shift from gold standard to fiat currency has allowed unchecked state monetary issuance and debt. Friedrich von Hayek argued that while historical government control of money seemed justified, it has led to significant problems, including monopolistic practices that limit consumer choice. Recent technological advancements, particularly the emergence of Bitcoin and its blockchain system, challenge this monopoly by enabling the creation of ‘private currencies,’ allowing the proposal of Hayek to become true. Bitcoin operates as a digital asset that does not rely on state control or centralized control of any kind and offers individuals a means to manage their financial assets without intermediaries.” (02/12/25)
https://mises.org/mises-wire/will-cryptocurrency-bring-about-rebirth-property-rights