Nobel Laureate in Economics, 30 years ago predicted the emergence of bitcoin

Almost 30 years ago, the famous economist and Nobel laureate Milton Friedman predicted the emergence of new financial technology. According to this expert, a computer that will be independent of all central banks should manage such a system.

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18 years after this famous Friedman speech, the legendary Satoshi Nakamoto really created financial technology that is not subject to the Federal Reserve System and other regulators.

The economist’s interview was posted on Twitter on April 13th. Over the past two days, a video from Friedman’s speech was watched by many users of the social network.

The overwhelming majority of commentators noted in their reports that the famous economist and author of the concept of “monetarism” already then 30 years ago recognized the weakness of a regulated banking system that would systematically face crises.