Mises Daily Thursday by Peter St. Onge

12/11/2014 Mises Wire Ryan McMaken

Mises Daily Thursday: Cryptocurrencies and a Wider Regression Theorem

If cryptocurrencies like bitcoin are being used as money, and if Carl Menger correctly tells us that money must have some kind of antecedent value, then as economists it becomes our job to discover what exactly is that antecedent value.

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