"Nobody's learned anything after 2008. We still don't have anything remotely like sound money. We are going to face another dollar crisis in our future."

A branch of economics that is far from main stream, Bitcoin has renewed interest in Austrian Economics.

But most of us have not studied the founding fathers of the discipline like Mises, Rothbard, and Haslitt.

In part 1, Jeffrey Tucker, Bitcoin's chief economist, explains the central thesis and history of Austrian econ:

The origins of Austrian Economics

History of money: tobacco, gold standard etc.

Do we need central banks?

Price discovery

What bitcoiners commonly get wrong about economics

Why Austrian economics is still around today after so many years of a fractional reserve monetary system

Mentioned in the episode:

Jeffrey Tucker home page

American Institute of Economic Research

That Which is Seen, and That Which is Not Seen

FEE

Bit by Bit