Yesterday, at my personal blog, I expressed extreme gratitude to Christian Michel for letting me talk last Friday, at his home, on a subject which, when I first floated it to him, must have seemed very vague and vacuous, although judging by what he said about my talk afterwards, he was almost as pleased by it as I was.
Tonight, I will be attending another meeting organised by Christian Michel, partly out of gratitude for last Friday’s meeting. There is a London tube strike happening today, and I am pretty sure that Christian is now feeling a bit nervous about attendance, so I will make a point of being there.
The title of tonight’s talk is “The Collision of Fintech and Traditional Banking”. The speaker will be Sasha Karim. (I’m guessing that this is the Sasha Karim mentioned here.)
I am hoping that what Sasha Karim will say is, among other things, that, by radically lowering transaction costs and thereby making the life of a “financier” (formerly only available to ultra-clever (but not necessarily ultra-wise) people who had access to or who were attached by ultra-rich (but again, not always ultra-wise) employers to expensive machines in expensive buildings) “fintech”, aka the new world of financial transactions on mobile phones, now available to all people who are above dirt poor, is creating a world in which the old dream dreamed by the likes of Friedrich Hayek of denationalised money, can become a reality and rescue us all from the great catastrophe that has been governmentalised fiat paper currencies, of the sort denounced by another friend of mine, Detlev Schlichter. We shall see. But maybe I am being too optimistic, both about the talk and about the world. Concerning the talk, I will report further.
Hayek’s crucial little book on denationalised money has long been available on the www as a free .pdf download, but I only just found out that Detlev Schlichter’s book is now available as a free-to-download .pdf file also. Blog and learn.