Hearn: The resolution of the Bitcoin experiment

Hearn: The resolution of the Bitcoin experiment

What about UK inflation

The "Austrian" inflation he was talking about was as defined by the Austrian school of economics, not inflation in Austria. The Austrian school defines inflation in terms of increase in the monetary supply*, not as price inflation. It's a good, real-world example of what Thomas Kuhn was talking about when he said that people following different paradigms can't communicate with each other because they use the same term to mean different things.

*Strictly speaking, increase in the ratio of the broad monetary supply to the demand for money, so that there is no inflation if the monetary supply increases with the economy as a whole.