source: https://www.youtube.com/channel/UCmT6-ChKpaiIVu2fhEIsNtQ

Dr. Saifedean Ammous, the author of The Bitcoin Standard, explains why Austrian economics helps us understand Bitcoin, and how Bitcoin can help us understand Austrian economics.

“The interesting thing about Bitcoiners is that over time, because Bitcoin has appreciated so much, people who have started getting into it have started to really learn what opportunity cost means. Just today, as if to prepare me for this talk somebody tweeted: ‘A hangover is Satoshi’s way of reminding you that you could’ve been buying bitcoin instead with the money that you spent on alcohol’,” Ammous said.

Presented at the Mises Institute’s Libertarian Scholars Conference on 28 September 2019, at The King’s College in New York City. Includes an introduction by Jeff Deist.

Learn more: What (Most) Bitcoiners Love About Austrian EconomicsLiked this video? Subscribe to misesmedia