Reply To: Economic calculation and Bitcoin


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:

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