Debasement of the money isn’t new. Money was most commonly debased by shaving off the edges of coins and … Read the rest
Category: Money
What are Prices?
Prices are simply ratios of one thing for another. Goods and services are bought and sold with money prices … Read the rest
The Limit of Fiat Money
Paper isn’t money, to operate it must come with a decree or fiat. Mining for gold can be … Read the rest
Ideas from the Lunatic Asylum
Inflation is absolutely devastating to the economy. It could be halted by not printing money. That won’t happen. Inflation will … Read the rest
Fiat Money
The belief is nearly universal that money can’t be free. This implies that it must be controlled, regulated, manipulated, and … Read the rest
Gold is Heavy
It would be inconvenient to carry around gold if the transaction is too large. It has a high value … Read the rest
Legalized Counterfeiting
Counterfeiting money is punished for good reason. It’s a grave problem that the so-called protectors of private property begin counterfeiting.… Read the rest
Gold: Protection from Parasites
Gold has been chosen as a medium of exchange for thousands of years. A medium of exchange is necessary for … Read the rest
Commodity Standard
The use of a medium of exchange is required to expand the size and scope of the market. Many different … Read the rest
Effects of Inflation
Inflation leads to the business cycle, without a doubt. However, it can do something much more sinister, completely obliterate … Read the rest