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Layered Money
by Nik Bhatia · 2021
★★★★★Editor's Pickbeginner
Bhatia traces the evolution of money through history — from gold coins to Eurodollars to Bitcoin — showing how each monetary layer built on the previous one. He argues that Bitcoin is the emergence of a new neutral reserve asset, just as gold once was. The clearest explanation of how Bitcoin fits into monetary history.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from Layered Money
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
★ About the Author
Nik Bhatia
Nik Bhatia is an adjunct professor of finance at USC and a former U.S. Treasury bond trader. He is one of the leading writers on Bitcoin monetary theory.
★ Meet the Author
Watch: Nik Bhatia
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