Fiat vs Bitcoin: Trust and Complexity

Josh Hendrickson is a professor of economics and Chair of the Department of Economics at the University of Mississippi, William Luther is an associate professor of economics at Florida Atlantic University and a senior fellow at the Bitcoin Policy Institute.

In this episode, we discuss why many mainstream economists misunderstand Bitcoin and why monetary economists remain skeptical, the flaws of modern economics and the dominance of naive empiricism. We also get into Gresham’s Law, the potential for a Bitcoin standard, the sustainability of fiat money, and whether we need central banks.

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FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Josh Hendrickson: https://x.com/RebelEconProf William Luther: https://x.com/WilliamJLuther