#fiat-money

[ follow ]
#bitcoin #monetary-standard #monetary-reform #austrian-economics #cryptocurrency #central-banks #economic-theory
fromBitcoin Magazine
2 days ago

Book's Books: Matt Sekerke And Steve Hanke, "Making Money Work: How To Rewrite The Rules Of Our Financial System"

Behind every fiat money used in exchange lies a unit of account defined by a monetary standard [which is] underwritten by credible claims to future surpluses monetized by the government and/or the commercial banking system. [...] Claims of a 'Bitcoin standard' or anything like it are completely indefensible" (p. 28).
Books
Cryptocurrency
fromHackernoon
2 years ago

Austrian Economics and Cryptocurrencies: Against Fiat and Centralization | HackerNoon

Austrian Economics advocates for naturally occurring currency through trade, paralleling trends in cryptocurrency, while cautioning against government-imposed fiat money.
[ Load more ]