Will Crypto-Currencies return or take us beyond Laissez Faire ?
lais·sez faire [les-ey fair; French le-sey fer]
1.The theory or system of government that upholds the autonomous character of the economic order, believing that government should intervene as little as possible in the direction of economic affairs.
2. The practice or doctrine of noninterference in the affairs of others, especially with reference to individual conduct or freedom of action.
Best if watched in HD (Note the TSA Patch on security guard.)
2nd Vid ---> youtu.be/GTQnarzmTOc
1st Vid ---> youtu.be/d0nERTFo-Sk
Catallaxy: Catallaxy from the Greek word 'katallasso' (καταλλάσσω) is the ministry of reconciliation, meaning not only "to change" or "to exchange" but also "to reconcile", "to receive one into favor." Catallaxy was coined and made popular by Friedrich Hayek.
With agreement being the foundation of commerce and contract; catallaxy is the endpoint, equilibrium and agreement interactive of peoples and market action; harmonizing the modulations globally between disparate peoples and cultures.
It appears the natural evolution of commerce from the digital age to the quantum age to come.
The symbiosis of humanity, knowledge, technology and the velocity of money of necessity is creating an economic revolution.
Catallaxy, a bottom up economic concept by design is devoid and inoculated against acquiescent malice providing people greater liberty and authority within their economies of scale.
From my limited understanding the core concept and culture underscoring the "Miracle of Mittelstadt" draws deeply from these concepts.
The envied Germanic model of Mittelstadt has been studied with failed attempts to duplicate. Understandable because without the embedded cultural mindset, sprouting from the same soil of Hayek and Ludwig von Mises thought, there is no success frame of reference similar in other cultures to consistently and industriously rise from rubble and ashes as has been Germany's history.