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Andy Mukherjee

What Keynes Knew About Bitcoin

They always said the celebrated British economist was ahead of his time.
Hand choosing bitcoin sign from global currency bar chart
Illustration: Andrew Baker/Getty Images

While preparing antidotes for the widespread unemployment of his time and imagining a future age of leisure and abundance, John Maynard Keynes also worked out the interest rate on bitcoin. 

Amend that. Since cryptocurrencies weren't around in the 1930s, the famous British economist worked out the price at which bitcoin should be lent and borrowed, were it to be invented.