Finance and economics | Digital currencies
Bits and bob
Bitcoin has got geeks excited. What about economists?
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MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system that would increase the money supply at a predetermined rate and so keep a lid on inflation. A virtual version of this now exists.
This article appeared in the Finance & economics section of the print edition under the headline "Bits and bob"
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