Monetarists Anonymous (original) (raw)
After a spectacular crash, an online currency makes a surprising comeback
“GIVE me control of a nation’s money supply, and I care not who makes its laws.” So said Mayer Amschel Rothschild, founder of the Rothschild banking dynasty. What would he make of Bitcoin, an online currency with no issuing authority whatsoever? Despite being written off following a speculative bubble and crash last year, the online cryptocurrency is still going strong, not least thanks to its ability to circumnavigate the law.
This article appeared in the Finance & economics section of the print edition under the headline “Monetarists Anonymous”
From the September 29th 2012 edition
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