The Importance of Network Effects in the Bitcoin World

Dr Guido Hülsmann, Senior Fellow of the Mises Institute, and Economics Professor at the University of Anger, France, joins me in this very special episode. We talk about government monetary intervention compared with a free market in money. We discuss many topics:

• The process of government monetary intervention and deterioration in quality of money
• Which kind of monetary intervention is worst?
• Interaction of reserve requirements with capital requirements
• How businesses and banking differ in a free market economy versus our fiat money economy
• The tendency towards one most saleable good or money, even within the cryptocurrency world
• Comments on 'stock to flow' ratio and hard money
• Dr Hülsmann's economics book recommendations for listeners

Dr Guido Hülsmann links: 

• Website: http://www.guidohulsmann.com/
• Guido Hülsmann's The Ethics of Money Production: https://mises.org/library/ethics-money-production 
• Murray Rothbard’s What Has Government Done To Our Money?: https://mises.org/library/what-has-government-done-our-money 
• Hans-Hermann Hoppe How Is Fiat Money Possible?: https://mises.org/library/how-fiat-money-possible-or-devolution-money-and-credit 
• Ludwig von Mises Theory of Money and Credit: https://mises.org/library/theory-money-and-credit 
• Huerta de Soto Money, Bank Credit and Economic Cycles:  https://mises.org/library/money-bank-credit-and-economic-cycles 
• Philipp Bagus In Defense of Deflation - https://www.springer.com/gp/book/9783319134277

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