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Cryptocurrencies from an Austrian perspective

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posted on 2019-02-19, 09:29 authored by Alistair MilneAlistair Milne
This chapter sets out a proposal for fundamental reform of monetary arrangements, using the technology of cryptocurrencies to move all bank and fiat money off balance sheet onto a single state sponsored mutual distributed ledger. This helps achieve monetary outcomes desired by the Austrian school of economics: allowing an almost complete withdrawal of the state from the provision of money and credit and reducing the need for bank regulation, lender of last resort and bank bail-out.

History

School

  • Business and Economics

Department

  • Business

Published in

Banking and Monetary Policy from the Perspective of Austrian Economics

Pages

223 - 257

Citation

MILNE, A., 2018. Cryptocurrencies from an Austrian perspective. IN: Godart-van der Kroon, A. and Vonlanthen, P. (eds.) Banking and Monetary Policy from the Perspective of Austrian Economics. New York: Springer, pp. 223 - 257.

Publisher

© Springer

Version

  • AM (Accepted Manuscript)

Publisher statement

This book chapter was published in the book Banking and Monetary Policy from the Perspective of Austrian Economics [© Springer International Publishing AG, part of Springer Nature]. The definitive published version is available at: https://doi.org/10.1007/978-3-319-75817-6_12.

Publication date

2018-07-24

ISBN

3319758179;9783319758176

Language

  • en

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