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Submission + - BitCoin reaches dollar parity (bitcoinwatch.com)

IamTheRealMike writes: The BitCoin peer to peer currency briefly reached exchange parity with the US dollar today after a spike in demand for the coins pushed prices slightly above 1 USD:1 BTC. BitCoin was launched in early 2009, so in only two years this open source currency has gone from having no value at all to one with not only an open market of competing exchanges, but the ability to buy real goods and services like web hosting, gadgets, organic beauty products and even alpaca socks.

Comment Re:Excellent, but... (Score 5, Insightful) 242

It's not really an either/or. Most classical liberals were in favor both of freedoms in general and modest social safety nets. When Adam Smith, Thomas Jefferson, etc., were railing against government, it was against the police-state style of government on the one hand, and distorting interventions into the economy like mercantilism on the other hand. They weren't against government using tax revenue to produce public goods, like roads, bridges, ferries, public fountains, orphanages, public schools, etc.

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