How Milton Friedman Predicted Bitcoin In 1999

How Milton Friedman Predicted Bitcoin In 1999

Milton Friedman

Image credit: ellenm1
  • ---Shares
Free Webinar | August 16th

Find out how to optimize your website to give your customers experiences that will have the biggest ROI for your business. Register Now »

Bitcoin is widely embraced by the libertarian community, mostly because the digital currency isn't tied to any single government, nor is it that heavily regulated. (Well, at least not yet. Give it time.)

So it shouldn't come as a surprise that the idea behind Bitcoin was endorsed years ago by Milton Friedman, the shaman of modern free-market economics.

In a 1999 interview suddenly making the rounds on YouTube, Friedman talks about the then-nascent internet, saying he thinks it will be one of "the major forces reducing the role of government."

That remains to be seen, but he then mused over the idea of a web currency that sounds awfully familiar to today's beloved, misunderstood and evolving Bitcoin...

Next Article:
What Today's Leaders Can Learn From Pear...
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.