A branch of economics that is far from main stream, Bitcoin has given Austrian economics a boost in interest.

But most of us have not studied the founding fathers of the discipline like Mises, Rothbard, and Haslitt.

In part 1, Jeffrey Tucker, Bitcoin's chief economist, explains central themes of Austrian econ:

• The origins of Austrian Economics
• History of money: tobacco, gold standard etc.
• Do we need central banks?
• Price discovery
• What bitcoiners commonly get wrong about economics
• Why Austrian economics is still around today after so many years of a fractional reserve monetary system