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Mi última entrada en Sound Money Project dollar sobre el “bitdollar” de Selgin.

Over at the Free Banking Blog, George Selgin replied to some recent criticisms that appeared in the Economic Policy Journal (here and here.) The criticism is aimed at what Selgin calls the “Bitdollar,” which is the idea of a tamper-proof-Bitcoin-type protocol that automatically adjusts the supply of base dollars in a way that a measure of nominal income keeps a stable path. The criticism (which, at least to me, reads more as a sequence of statements than arguments) sustains that any increase in the supply of money, in this case Bitdollars, would produce distortions in the economy.

Seguir leyendo en SMP.