A few days ago, I came back to my apartment building from an early morning walk.
A man was standing right inside the front door.
I said hello, then looked down to see the pile of books he had just put down.
Adolf Hitler was on the cover of each of them. It was a box full of Mein Kampfs.
I was a bit surprised, but not too much. After all, there’s a very right–wing publishing house on the ground floor of my building, and I guess this was their latest printing.
Here’s why I bring it up.
Ideas have power. They stick around and influence society long after the person who thought them up is dead.
I keep thinking about this because, even though I read and write about cryptocurrencies a lot, I don’t have a solid understanding of what money really is.
That’s why I keep looking for fundamental texts on the topic by philosophers and social scientists. Their theories are affecting what engineers are making into cryptocurrencies today.
As far as I know, there’s no definitive book out there that really explains what money is.
So I’ve decided to collect a library of fundamental readings on money, from different authors, and share what I learn on this blog.
I think it will be a good balance to the hard-core ICO marketing advice I normally push on this site.
The first philosopher on my list is somebody who has a connection to those Mein Kampf books.
it’s Friedrich Hayek, an Austrian economist who refused to return to his native country after it was absorbed into the Nazi state in 1938.
He’s probably most famous for his book “The Road to Serfdom”, in which he argues that growing government control of the economy inevitably leads to tyrannical states.
As far as money goes, I’m planning on reading another of Hayek’s books, called the “Denationalisation of Money”.
It talks about the idea of multiple private currencies, particularly relevant for the current moment of hundreds of private cryptos. If you want to check the book out yourself, you can get it here: