Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream.
Michael Milano
Michael Milano is an entrepreneur in the midst of penning his first novel. He earned his PhD from The Ohio State University. His areas of interest include Austrian economics, crypto-assets, evolutionary biology, and stoicism.
Latest work
Once a society embraces the division of labor, direct exchange becomes increasingly infeasible. Without money, specialization is constrained; without money, dreams of constructing an advanced society...
Thanks to so many government restrictions on the use of potential monies that aren’t the dollar, we can only guess as to what the relationship between dollars and bitcoin would be in a functioning marketplace. But it doesn't have to be that way.
