A Beginner’s Guide to Austrian Economics

For years I had noticed how some of the smartest people I know all tell me that they find economics very difficult to understand. Doctors, engineers, businessmen, and many other highly intelligent people would all share a similar story: “I took a few economics courses in college and did well, but I didn’t understand anything/forgot…

World cup preview and predictions

After the success of my predictions for the 2010 and 2014  World Cup, I have decided to not quit while I’m ahead, and put my neck and footballing knowledge on the line and hand everyone in the internet the chance to mock me relentlessly if I get things wrong. Please note I’ve been extremely busy…

The Bitcoin Standard Book Tour Schedule

This Friday, Vienna will be the host of the first event on my book tour. A preliminary schedule is posted below, more dates will be added as they are confirmed. Vienna, May 18, at Capitalbank, Palais Esterházy Zurich, May 23, organized by Bitcoin Switzerland Association, at the Volkshaus. Munich, May 29 at MaibornWolff GmbH Paris, May 30, at Accenture Boston, MA, June…

Interview with The Epoch Times

I was interviewed by Valentin Schmid (@Vxschmid), financial editor of The Epoch Times, on Bitcoin as sound money, in a long interview in which I got to discuss several of the main concepts in my upcoming book in fairly significant detail. A written summary of the interview and a full video are available at The…

Economics of Bitcoin as a settlement network

  As Bitcoin’s popularity continues to increase, its transaction fees rise as well, leading to the customary chorus of doom and gloom by those still stuck in stage 1 of dealing with Bitcoin grief. With average transaction fees exceeding $2, the doom-mongers assure us Bitcoin is doomed, because nobody wants to pay $2 to make…

Cryptocurrencies and the functions of money

I have a new working paper for the Center on Capitalism and Society analyzing whether cryptocurrencies can perform the three traditional functions of money. The paper's abstract: This paper analyzes five cryptocurrencies’ monetary supply growth, credibility, and stability, to evaluate whether these currencies have a viable monetary role as a medium of exchange, store of…