The "What is Money?" Show cover image

Why Austrian Economists Didn’t See Bitcoin Coming with Vijay Boyapati (WiM324)

The "What is Money?" Show

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The Austrian Economics of the 2008 Financial Crisis

The Federal Reserve's balance sheet increased by about $4 trillion in 2008 and 2009. There was a general consensus among Austrian economists that they thought this would lead to hyperinflation of the US dollar and I guess presumably other fiat currencies. But your paper that you wrote in 2010 took a different opinion and you thought that that was not going to be the case, turns out you were right.

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