Talk Econ To Me on Nostr: My personal favorite quote from Hayek. Very relevant today as we continue to see bank ...

My personal favorite quote from Hayek. Very relevant today as we continue to see bank collapses, inflation, and economic boom and bust cycles that are directly tied to centrally planned Federal Reserve policy. Be wary of organizations that rely on "smart" people making decisions for the rest of us.

Individuals are wildly unique, with different values and truths that ultimately drive human action. Emergent phenomena always win. Bitcoin understands this. Decentralized information shared across nodes, changed via consensus, trusting no authority.