The Friedrich A. von Hayek Society and the European Center for Austrian Economics Foundation hosted an expert conference on parallel currencies in Düsseldorf on Nov. 15, 2017. Presentations and discussions examined whether relevant blockchain applications and cryptocurrencies such as Bitcoin already constitute denationalized money in the sense of the private alternative currencies, as envisioned by Friedrich August von Hayek, what further developments are on the horizon and what opportunities this new kind of money, which is independent of central banks, can offer in the future. Can the dangers of inflation of fiat money curtailed by these currencies? What can you do today to be prepared for tomorrow’s monetary landscape? What are the dangers you need to look out for?
Investing in basic and security needs (The Maslow pyramid)
The name might sound familiar to you. In university and in the study of economics in particular, Maslow appears as a representative of humanistic psychology in almost every textbook. Perhaps you remember his famous “hierarchy of needs” pyramid. In this case […]