Hayek Program Podcast

On this episode, we’ll hear a book panel discussion on Lawrence H. White’s book, Better Money: Gold, Fiat, or Bitcoin? (Cambridge University Press, 2023). In his opening remarks, Larry gives an overview of his book which details the history of money, explains how the gold, fiat, and bitcoin standards work, and aims to bridge the gap between the gold standard and cryptocurrency advocates. He covers issues of supply constraints, volatility, inflation, and common misconceptions for each of the standards. Moving forward, he explores potential forms for better monetary standards including non-governmental monetary systems. The panel is moderated by Peter J. Boettke, and they are joined on the panel by:Joshua Hendrickson, Associate Professor of Economics and Chair of the Department of Economics at the University of Mississippi, and author of numerous publications including “The Political Economy of Bitcoin” (Economic Inquiry, 2015)Nicolás Cachanosky, Associate Professor of Economics and Director of the Center for F