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Bit Coin and Hayek’s Theory of Denationalisation of Money
Author(s): 
Pages: 16-18
Year: Issue:  4
Journal: Xi'an Finance

Keyword:  Bit CoinHayekdenationalisation of money;
Abstract: In recent years, Bit Coin has been developed rapidly in the countries all over the world. The supporters of Bit Coin think that Bit Coin is the best tool to practice Hayek’s theory of Denationalisation of Money. The paper criticizes the ideas from the angle that Bit Coin deviates from Hayek’s theory, makes a further analysis on Hayek’s theory of Denationalisation of Money, and thinks that Hayek’s theory belongs to the extreme micawberism, thereby shakes the basis of economic theory of Bit Coin.
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