Video of the Day – Milton Friedman Predicts the Rise of Bitcoin in 1999

Back in the late 90’s, when Paul Krugman was busy predicting the ultimate irrelevance of the internet, another Nobel Prize winning economist was forecasting the advent of peer-to-peer electronic currencies. I have to say it is remarkable that Milton Friedman was able to provide greater insight into Bitcoin ten years before it was invented, than Krugman is able to five years afterwards (check out my critique of Krugman’s Bitcoin position here).

Great one minute clip. Enjoy.

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