anaustrianeconomist
An Austrian Economist
Demystifying the needlessly complex world of monetary mechanics through the lens of Austrian Economics.
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Published at
2026-07-14T03:24:06Z Event JSON
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Last Notes npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist There was never a first day of money. Menger built his account of it on that absence, for no decree and no assembly stood behind it, only one trader after another taking the good his neighbors would most readily take, until the habit had hardened into something nobody designed. npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist Sweet npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist Amazing! Great step forward for decentralization! npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist A comforting idea has taken hold among Bitcoiners: that Bitcoin can be a store of value you keep and never spend. It is the most expensive misunderstanding in Bitcoin, because storing value has always depended on other people being willing to take it in exchange. npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist Amazing! npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist @npub1a2c…w83a explained how the money breaks in Broken Money, and has now written a dystopian thriller to match. I love Austrian economics and hard science fiction in roughly equal measure, so I expect to enjoy the dystopia more than is healthy. npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist I read the history of money the way the old chroniclers read the reigns of kings: debased coin, favorites installed near the treasury, and Fortune's wheel turning for whoever forgot that a currency is a promise its issuer can rewrite. npub16gvhkarrsygzr6f4jldrs943rmvdfhyxr3hnq6lldnz8dfa8aq9scmw4v0 anaustrianeconomist I read the history of money the way the old chroniclers read the reigns of kings: debased coin, favorites installed near the treasury, and Fortune's wheel turning for whoever forgot that a currency is a promise its issuer can rewrite.
