Table of Contents

Introduction; 1. Markets and governments in the history of money; 2. How a gold standard works; 3. Common misconceptions about the gold standard; 4. How a fiat standard works; 5. How Bitcoin standard works; 6: Contrasts between gold and Bitcoin standards.

Promotional Information

Cuts through the hyperbole surrounding gold, fiat money, and Bitcoin to frankly compare their pros and cons as monetary standards.

About the Author

Lawrence H. White is Professor of Economics at George Mason University. He has pioneered research on private monetary systems since before Bitcoin, authoring Free Banking in Britain (1984), Competition and Currency (1989), and The Theory of Monetary Institutions (1999). He is also author of The Clash of Economic Ideas (2012).