⚖️ Three Pro-Cryptocurrency Bills are being introduced in Congress. Specifically, Representative Emmer from Minnesota's 6th congressional district is proposing a resolution around regulation and two bills, one to create safe harbors for non-custodial use of cryptocurrencies and one for taxpayers reporting income from hard forks.
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"Austrian economics is the study of how humans act to achieve economic ends through scarce means--from a first principles perspective. It’s understanding economic phenomena as a result of actions and choices of individuals rather than looking at aggregate statistics and determining relationships between, say, CPI and employment. It’s first principles focused, rather than retroactively focused.
The Austrian School is often compared with the other schools of economic thought, such as the Keynesian or Chicago School of Economics. Keynesians want to solve for recessions by deploying government spending. The Chicago School (or Monetarists, or Friedmanites) prefer monetary policy as a remedy.
Austrian Economists want neither."
For a short primer on Austrian Economics, hop on over here.
QUESTION OF THE DAY
What do you think the biggest blocker is to getting more people involved in crypto/blockchain?