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A Rogues’ Gallery

November 21, 2022

A Rogues’ Gallery Ivan Aivazovsky Palace rains in Venice by moonlight 1878Me, personally, I can’t get rid of the notion that all the stablecoins and shitcoins and altcoins that have been initiated and “legalized”, are just a way of “shining” bitcoin in a light of uninvestable darkness. And for that, a bunch of “trading places” (pun intended) […]

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Time to learn about money

May 9, 2020

Time to learn about money An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger. The question arises as to what will […]

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Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’

April 19, 2016

Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’ And the abuses are getting worse, not better Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today’s financial markets. While he usually feels like a lone voice […]

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The Concept Of Money And The Money Illusion

September 6, 2015

The Concept Of Money And The Money Illusion Awareness about the concept of money is making a comeback. Gone are the decades in which the global citizenry was fooled to leave this subject to economists, governments and banks – a setup that has proven to end in disaster. The crisis in 2008 has spawned debate […]

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New currencies and their relationship with fiat currency

August 2, 2015

New currencies and their relationship with fiat currency Complementary Currencies aim to work alongside the pound or the dollar. Classically they seek to broker exchanges of underused resources with unfulfilled need, and facilitate activity in niches neglected by the mainstream economy. They do much good work and are worthy of support. Intentional Currency designs on […]

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The Government and the Currency

June 12, 2015

The Government and the Currency [Human Action (1949)] Reprinted from Mises.org Media of exchange and money are market phenomena. What makes a thing a medium of exchange or money is the conduct of parties to market transactions. An occasion for dealing with monetary problems appears to the authorities in the same way in which they concern themselves with […]

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Today’s Money Regimes Are Doomed To Failure

April 10, 2015

Today’s Money Regimes Are Doomed To Failure Centrally issued money centralizes wealth and generates systemic inequality. A Thought Experiment on Money Let’s imagine a small mountain kingdom with only ten very scarce and thus highly valued seashells in circulation.  These few shells are certainly valuable in terms of scarcity, but there aren’t enough of them […]

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Why Does Fiat Money Seemingly Work?

February 22, 2015

Why Does Fiat Money Seemingly Work? Introducing Money Imagine three men living on a small island. Toni is mining the local salt mine, and apart from him there are Pete the fisherman and Tom the apple grower and their families. They have a barter trading system set up: Toni exchanges his salt for Pete’s fishes […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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