"Money is not an invention of the state, but a product of the market."
- Carl Menger, 1871
"I worked on a system that doesn't depend on a central authority."
- Satoshi Nakamoto, 2009
Welcome to Bitcoin and the Austrians!
Isn't it amazing? Austria, the home of great thinkers such as Carl Menger and Ludwig von Mises, produced the Austrian School of Economics - a legacy of which we can be proud. But it often goes unmentioned in our schools. With Bitcoin, we want to change that and bring these ideas back to life - free markets, sound money, free from central bank manipulation.
Bitcoin is the key to this: decentralized and strong, a tool to rethink the economy. We invite you to discover with us why these ideas are so valuable for Austria and the world today. Together we can create something significant.
- All contributions
- Austria vs. Keynes
- Bitcoin Philosophy
How should Bitcoin be classified from the perspective of the Austrian school?
Bitcoin meets the Austrian school: a digital money that reflects Carl Menger’s theory of evolution, Ludwig von Mises’ criticism of central banks and Friedrich Hayek’s dream of competing currencies. But is it the perfect implementation of their ideas or a new test for old principles? This article looks at how Bitcoin connects the past of economics with the future.
Why Austrian Economics lost out to Keynesianism – and how Bitcoin can revive it
Just imagine: Politicians are printing money, reducing their debts through inflation and sticking plasters on their own mistakes – pure Keynesianism! But why was the sound Austrian economic theory of Carl Menger and Ludwig von Mises cast aside in the first place? In this article, you will find out why convenience won out over discipline, how current crises confirm the Austrian warnings and how Bitcoin as a digital savior could revive the ideas of yesteryear.
