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Robert Murphy on bitcoin, monopolies, Graeber and Bernie Sanders

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Streamed live on Apr 19, 2016

In this episode Jan-Willem Burgers, teacher at Vrije Universiteit in Amsterdam and Paul Buitink talk with Robert Murphy Phd of Texas Tech University and consultant at http://consultingbyrpm.com/

Bob talks about the Austrian School of economics, its main tenets and its interpretation of the financial crisis. We also compare it with mainstream economics. Bob feels the standard explanation of the crisis -there wasn't enough regulation- is wrong. He things it's the opposite and there should be less regulation and more competition, also between monies.

Bob also shares his thoughts about whether a democracy can lead to a monopoly on money and whether that's morally acceptable. Also bitcoin is analysed to see if it's in line with the regression theorem. Furthermore the Austrian commodity theory of money is compared to the State theory of money (Graeber, Keen et al).

Finally the gents talk about the US elections and whether Austrians should vote for Sanders.

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