Quarterly Journal of Austrian Economics
Author:
Laura Davidson
Walter Block
Online Publish Date:
Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015) ABSTRACT : A recent controversy has brewed over whether or not the emergence of bitcoin, as a new medium of exchange, is in accordance with Mises’s regression theorem. The main question in the debate seems to be, is bitcoin valued in direct use? The present paper contends that with