Reply To: Economic calculation and Bitcoin

[jmherbener]

The chart below shows the price movements more clearly. Extend the time to “1 yr” and you can see the current speculative surge. Extend the time to “all” and you can see previous speculative excesses.

CoinDesk Bitcoin Price Index

There is Mises’s book, Theory of Money and Credit:

https://mises.org/library/theory-money-and-credit

Also, Fritz Machlup’s book, Stock Market, Credit, and Capital Formation:

https://mises.org/library/stock-market-credit-and-capital-formation