Money and Society, and the Rise of Private Crypto-Currencies
This year the ATM machine celebrates its 50th birthday, but the beloved ATM may soon be obsolete.
Digital wallets and electronic payment networks reduce the need for cash. While these technologies bring the benefits of quicker, cheaper forms of payment, more that U.S. Dollars or Euros may be transferred. National currencies are being supplemented by privately issued crypto-currencies such as Bitcoin.
This seminar places crypto-currencies in the context of our monetary history, and explores the consequences of multiple monies on our economy and our society. Economist Friedrich Hayek believed in competing private currencies, while Henry George said “it is the business of government to issue money”. Hear the evidence for both sides, and form your own opinion.
Location: John Haynes Holmes Community House, 28 East 35th Street (Madison & Park) New York, NY 10016
Time: 6:00pm to 8:00pm
Date: Wednesday, July 12, 2017