My first post-staff weekly column is up at Reason.com, and it’s about the potential cryptocurrencies show for dodging capital controls and evading the worst effects of intrusive monetary policy. Some news reports suggest that it’s already happening in Greece, and on a small scale it probably is. But I suspect those headlines resulted from financial journalists looking at the situation and figuring out how they would hedge risk and get money past the authorities. More people are likely to see and have access to those solutions in the future.
To read the full article, click “Bitcoin May Be Too Late for Greece, But Not Other Countries Headed In That Direction.”