Saifedean Ammous, The Bitcoin Standard: The Decentralized Alternative to Central Banking Hoboken, New Jersey: John Wiley & Sons, 2018. xxviii + 304 pages. USD 29.95 (hardcover)
The Bitcoin Standard is a serious attempt to justify how Bitcoin may be used to surpass current fiat money impositions by governments. Among the reasons for reading this book, there is a strong commitment to define sound money properly and how it might emerge in a society where governments impose their currencies. Although discussing a technological novelty, the book has several sections discussing the history of money and its properties in an Austrian economics framework.
The main merit of the book is the considerable discussion of sound money in a historically contextualized manner. Grabbing Mengerian, Misean, and Hayekian concepts, the definition of sound money is developed and exemplified over several cross-cultural contexts. More than a literature review, the book is a primer for people interested mostly in cryptoeconomics to engage with Austrian economics and its concepts. Although that for some already knowledgeable about Menger and Hayekian perspectives over money the first...
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