No, you haven't spent a fair time. Nash is nearly 90, and has been lecturing on the topic of "Ideal Money" for 20 years. He had his revelation in nearly 1960 on what would become "ideal money".
Szabo read Nash, and Krawisz read Szabo.
I can read Krawisz and then avoid reinventing all the wheels so that I have time to focus on the few wheels I do want to reinvent.
No. Nash extrapolated from the history of money, by learning about it, deeply and learning everything around it. That is how he did all of this. If we do not follow his works and his path, I am afraid we will forever be out of context. I do not understand how we cannot put this goether:
The special commodity or medium that we call money has a long and interesting history.
The VERY first line itself is INCREDIBLY significant and incredibly dense. What is money, what is a commodity, what is "special" about it, and what is its long and interesting history?
Obviously we need to consult Adam Smith's TWON, but ALSO Nick Szabo's essay shelling out.
So I see the Keynesians as in a weak sense comparable to the "Bolsheviks because of the support of both parties for a certain lack of transparency relating to the functions of governments sites as seen by the citizenry And for both of them it can be said that they tend to think in terms of government agencies operating in a benevolent fashion that is, however, beyond the comprehension of the citizens of the state. And this parallel makes it seem not implausible that a political evolution might lead to the expectation on the part of citizens in the great democracies that they should be better situated to be able to understand whatever will be the monetary policies which, indeed, are typically of great importance to citizens who may have alternative options for where to place their "savings".
Are you to tell me that he is talking about a different revolution? A different evolution that is about leaving the Keynesian system but not for bitcoin that has a decentralized finite monetary policy? You think he meant some other form of money as an alternate savings? Perhaps like moon rocks? Do you think edison created bitcoin
http://topinfopost.com/2014/03/20/bitcoin-the-digital-currency-invented-by-thomas-edison?This paragraph is talking about this thread:
But the famous classical "Greshams Law" also reveals the intrinsic difficulty. Thus "good money" will not naturally supplant and replace "bad money" by a simple Darwinian superiority of competitive species. Rather than that, it must be that the good things are established by the voluntary choice of human agencies. And these resp-onsible agencies, being naturally of the domain of polit-ically derived authorities, would need to make appropriate efforts to achieve such a goal and to pay the costs that are entailed before their societies can benefit.
An example of an efficiently working global reform (at least in relation to electronic manufactures) is the metric system, with its central Bureau located near Paris. And this is an example of a system of yardsticks where inflation is currently NOT in fashion!
How do we not see this?