– October 31, 2019

Governments are the world, at least those that are not trying to suppress the latest and greatest innovations, are making the error of subsidizing blockchain projects, under the mistaken impression that this causes them to be wonderful. On the contrary. Companies that receive subsidies lose the passion to innovate and improve. Government tries to pick winners but it can be the kiss of death.

What’s fascinating today about American political culture, however, is slightly different. There are attempts on the left and right to turn back the clock before the development of crypto, by forcing tech companies into a compliance dance that threatens their ability even to function.

I spoke about these subjects and more on Boom Bust, in studio, in Washington, D.C.

 

Jeffrey A. Tucker

Jeffrey A. Tucker is Editorial Director for the American Institute for Economic Research. He is the author of many thousands of articles in the scholarly and popular press and eight books in 5 languages, most recently The Market Loves You. He is also the editor of The Best of Mises. He speaks widely on topics of economics, technology, social philosophy, and culture. Jeffrey is available for speaking and interviews via his emailTw | FB | LinkedIn

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