Bitcoin: Separation of money from the state
E-book, Czech
Bitcoin: Separation of money from the state
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Bitcoin: Separation of money from the state
Why the state should not have a monopoly on money production
A fascinating probe into the history of money from the pen of Czech economist Josef Tětek. After the church, education and the media, why should money creation also break out of the state monopoly? What are the pitfalls of using state-issued and controlled circulation? And why does Bitcoin offer an alternative?
"Bitcoin brings hope that a troubled monetary history has found its end. It will no longer be possible to awaken the inflationary beast that eats up the savings and wages of those who have no way of resisting it. It is possible to save with bitcoin again. Not to invest or speculate, but to actually save, i.e. to set aside money and with it purchasing power for the future."
The book begins with a lesson on the connection between the Austrian school of economics and Bitcoin, and the following chapters are devoted to time preferences and a brief history of money, the very separation of money from the state that Bitcoin enables and implements. The last chapter lists the advantages of Bitcoin over dozens of so-called cryptocurrencies. This is a physical edition of the texts that were originally published here on Alza and due to their popularity were reworked into book form.
