There is no reason to look at much of what we are involved in through the lens of economics. There is a reason why most you find talking about this today slam it. The reality is crypto doesnt fit into their models, so they discount it.

Keep in mind that the Austrian School became popular before we were truly involved in a global economy (at least with such a pace). So it omitted the idea of global capital flow since it wasnt really a major piece of the puzzle at that time.

As for economics in general, it is difficult for it to understand a world of abundance since the entire discipline is built upon scarcity. That is what our economies were built upon. Couple that with the age of digitization which turns many of their principles on their ear.

And since money is the very lifeblood of the economy, one cannot touch the subject without dealing with economics.

Better off ignoring the different schools of economics until a thorough understanding of the international (balance sheet) banking system is gained. That has a great deal more input and gets people closer to what we are dealing with.

For example, economists think Fed reserves are money when the banking system rejected that notion as far back as 1937.

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