Did you even read my analysis? Appeals to authority are not valid in a meritocracy.

I posit that Hayek is incorrect and empirically so from the 1800s example in the USA. Also the economy is fundamentally changing, which is what I explained if you dig down into my recursive links starting from the one I provided to you for your timely edification.

We are moving away from a model where labor was fungible. Have you not read the essay at the top of the Economic Devastation thread written by myself Rise of Knowledge, Demise of [Usury] Finance.

Note I've also copied your thesis to the other thread for discussion there with @dinofelis.

Let the banksters have Buttcoin. We'll build something for us.