Bitcoin, Financial Crises, & The Future of Money - Joshua Hendrickson (EP 78)

Joshua Hendrickson is an economist specializing in monetary economics, price theory, and Bitcoin.Bitcoin is a novel invention that seemingly emerged out of nowhere. What does economic theory say about Bitcoin—what it does, what problems it solves, and what its future might look like?In this podcast, we discuss how Bitcoin acts as digital cash, the theoretical challenge of private money and how Bitcoin addresses it, the gold standard, the Great Depression, the Great Financial Crisis, and more...Find Josh on Substack:🔗 Economic Forces: https://www.economicforces.xyz/?utm_source=substack&utm_medium=web&utm_campaign=substack_profileTimestamps: 00:00 Bitcoin in Academia05:55 Digital Cash11:54 Bitcoin's Role as Money18:12 Central Banks and the Last-Period Problem24:04 The Role of Central Banks in Monetary Policy29:46 The Future of Money and Bitcoin's Place47:17 Understanding Deflation: Types and Impacts55:42 The Great Depression: Policy-Induced Deflation and Its Consequences01:01:00 The Role of the Gold Standard in Economic Recovery01:06:18 The Evolution of Monetary Systems: From Gold to Treasuries01:17:17 Bitcoin: A New Paradigm in Monetary Policy01:25:06 Business Cycles: Natural Fluctuations vs. Policy-Induced Recessions