Austrians are heavily sited in this book: Carl Menger; Ludwig von Mises,; Friedrich Hayek; and Murray Rothbard
“The well-known phenomenon of the modern breakdown of the family cannot be understood without recognizing the role of unsound money allowing the state to appropriate many of the essential roles that the family has played for millennia, and reducing the incentive of all members of a family to invest in long-term familial relations.” p. 95.
It is no coincidence that the breakdown of the family has come about through the implementation of the economic teachings of a man who never had any interest in the long term. A son of a rich family that has accumulated significant capital over generations, Keynes was a libertine hedonist who wasted most of his adult life engaging in sexual relationships with children, including traveling around the Mediterranean to visit children’s brothels…It is impossible to understand the economics of Keynes without understanding the kind of morality he wanted to see in a society he increasingly believed he could shape according to his will.” pp. 95-96
While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.