Jeff Deist and Peter St. Onge discuss some of the fundamental questions about money in this electronic age. What do Menger and Mises tell us about the origins of money? How do we define it? What's the difference between "money" and a "medium of exchange"? And, was Hayek right about degrees of "moneyness"?
Peter St. Onge is a Mises Institute Associated Scholar and an Economic Research Fellow at the Heritage Foundation. For more content from Dr. St. Onge, subscribe to his newsletter where he writes about Austrian economics and cryptocurrency.