To the left of that list I'd put "self-adjusting, without needing a regulator." Hayek argued that a system of competitive privately-issued currencies would ach

To the left of that list I'd put "self-adjusting, without needing a regulator." Hayek argued that a system of competitive privately-issued currencies would achieve that. I'm not qualified to say whether he was correct, but an economy built on cryptocurrencies would be exactly that.