Every time I start this essay I find the political background has shifted so dramatically that I have to start again. Only Ollie’s complaint to Stan seems to be an apt constant: “another fine mess [more…]
This has been written so much better in thousands of articles on the web (including GP). Wasn’t going to write this one but have included it for completeness. Very short and to the many points. [more…]
Well, currency debasement is pretty bad, as a few key statistics will reveal, but first some background. At the Bretton Woods Conference in 1944 the US agreed that it would redeem dollars for gold at [more…]
Gold-backed civilization vs. the Welfare State Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, [more…]
The rise and fall of the Roman Empire is arguably one the most studied, written about and theorized over subjects in academia, with fiery debates raging for hundreds of years among historians, sociologists and political [more…]
It’s no secret that governments and central planners of all stripes have long detested the rise of private money and independent digital currencies. They have tried to stifle the burgeoning crypto industry from the moment [more…]
Trade Surpluses and Deficits Any country’s trade balance is the difference between the totals of its exports and imports respectively, as measured in its own currency. To the extent that its exports exceed its imports, [more…]
Let me make something clear at the outset of this article. I am a bitcoin supporter, I own bitcoin & the concept is brilliant & I have supported & observed it for years. Glad I [more…]
As a a professional research economist my first contact with crypto currency came with my ever increasing commitment to Austrian School economics over a decade ago. Always a free marketeer in the traditional classical liberal mode [more…]
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