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Unintentionally Hilarious Monetary Quote of the Day

November 10, 2013 in Economics

By Peter G. Klein

From a Chicago Fed paper on crypto-currencies:

Although some of the enthusiasm for bitcoin is driven by a distrust of state-issued currency, it is hard to imagine a world where the main currency is based on an extremely complex code understood by only a few and controlled by even fewer, without accountability, arbitration, or recourse.

HT: ZeroHedge, via Tom DiLorenzo.

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