Money - Michael DeVinney

Legalized Counterfeiting

Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for … Read the rest

The use of a medium of exchange is required to expand the size and scope of the market. Many different … Read the rest

Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest

Price is the result of the subjective valuations of the exchangers. One good is being exchanged for another. The exchangers … Read the rest

A money can only be used if there are more than two individuals and two goods in society. It must … Read the rest

The business cycle is caused by artificial credit expansion by the central bank and commercial banks too—if the reserve requirement … Read the rest

While there is some resistance to taxation. There is little resistance to counterfeiting. More goods don’t come into existence when … Read the rest

Many believe capitalism has failed and believe it must be replaced by statism. Statism has failed miserably and must be … Read the rest

The dollar will no longer be used as a money if deficits are printed over. The purchasing power will continue … Read the rest