The recent death of Professor Leslie Pressnell (obituary here) reminded me of the time when economists, bankers, and City professionals would have been familiar with and taken courses on monetary history. Pressnell, an expert on English banking during the Industrial Revolution, was a leading advocate of the need for such courses. Indeed, had the current generation of economists and bankers courses in monetary history, the crisis of 2008 might not have happened. It would be a befitting memorial to Professor Pressnell if you looked to the past in order to understand the present. Here is a good place to start.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.