Oz Blog News Commentary

Articles from John Quiggin

A barbarous relic

December 13, 2017 - 10:37 -- Admin

That’s what Keynes called the gold standard nearly a century ago, and he was right. I was reminded of this by the commentary on my latest piece on Bitcoin, published in the Conversation and also the ABC. I restated the points I made in my 2015 article on the massive and wasteful use of electricity in Bitcoin mining.