Earlier quoted context omitted.
An economy is based on every person individually making choices based on their own (perhaps narrow) view of money. The Keynesian view of economics requires that there is centralized control of monetary policy. In an economy where there exist no overlords who can dictate what people can do with their own money, then people are free to act purely in their own self interest, and they will. It doesn't matter what 1000s o…
> Go find a recent economics graduate and ask them what they know about Austrian economics. Good luck! Oh, good to see you live in a parallel world … I have an engineering degree (graduated in 2013) and during our economic class, the Austrian were the subject of a full lecture. If you think there's a conspiracy to erase them from economic history, I don't really know what to say…
A WHOLE lecture? Wow. I bet you covered all the works of Mises in that time. Thanks for reinforcing my point.
I'm not suggesting that anybody is trying to erase Austrian economics, only that the industrial mills which turn out economics graduates deliberately chose to give it little to no attention as though to shrug it off as "this is what some people used to think, but we don't think this way anymore."
Of course they don't think that way. Keynes gave them the gift that keeps giving. Wouldn't want to throw that away.
You can make a good career following the system, and going over that way will make you an outcast. Wouldn't want to be an outcast, would you?
The earlier point is that Keynesian economics does not apply to Bitcoin, and cannot apply to bitcoin, because nobody holds the keys to tweak the monetary policy.
You are welcome to think that it won't succeed based on this. Be my guest.