Freedom through sound money
Freedom through sound money
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.
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.
