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During their time, the best form of money they had was gold. But now we have Bitcoin which is much better.

Ludwig von Mises — argued against discretionary central banking and inflationary expansion; advocated sound money and free banking principles.

Friedrich A. Hayek — criticized central planning of money; supported rules-based monetary systems and denationalization of money (competition among currencies).

Murray Rothbard — advocated the gold standard, abolition of central banking, and a 100% gold-backed money supply.

Carl Menger — foundational theorist for Austrian value/price theory; supported commodity money naturally arising from market processes.

Eugen von Böhm-Bawerk — contributed to Austrian capital theory and supported monetary arrangements anchored in real commodities (e.g., gold).

Hanshan 3d ago

All that is a complete non sequiter which doesn't respond to the point that I was making at all.

show me where ANY of those people argued that the best monetary system would be one with a fixed cap on units.

I'll wait.

also

gold has supply inflation.

like in the fungibility discussion,

The examples you're using refute your own thesis.

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BitcoinIsFuture 3d ago

Gold was the best form of money they had with the smallest inflation. And thats their pick.

They needed to stay within their reality and possibilities.

As I said in our current reality we have Bitcoin which much better than gold.

Hanshan 3d ago

maybe somewhere one of those gys suggested that the inflation rate of gold was actually too high?

but I've never seen anything like that.

and obviously, you don't speak for them and have no idea if they would agree with you or not.

Hanshan 3d ago

I'll also point out

while the Austrian School of course criticized economic grown via inflation,

nowhere did any of them argue that constant, permanent deflation was the best possible environment either.