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.
