TD₿: Intro to Bitcoin Austrian Thought by Stephan Livera
TL;DR Austrian economics is a great lens to view Bitcoin through.
Hey Bitcoiners,
The Austrian School of Economics is a branch of economics that has enjoyed a revival of sorts since Bitcoin arrived on the scene.
Modern economic doctrine is dominated by Keynesian ideology which supports central planners and debt-based monetary systems.
Austrian economics aligns more with market-based economies and sound money principles.
Stephan Livera recorded this podcast that provides the listener with a nice introduction to the subject (05/15/2019).
A lot of Bitcoin’s monetary policy choices are rooted in the principles of this branch of economics that has been ignored by the mainstream for far too long.
Tick tock next block,
Cory Klippsten
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"The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” - Thomas Sowell, Economist
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