Debasement of the money isn’t new. Money was most commonly debased by shaving off the edges of coins and … Read the rest
Tag: money
Personal and Voluntary
All values are personal and voluntary. A third-party can’t decide for you what to value. Nor can they force their … Read the rest
The Fundamental Reason Why Socialism is Impossible
It’s impossible for socialism to work because it can’t calculate. Socialism is the government owning all property. There aren’t various … Read the rest
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
Democracy: World State
A state has a territorial monopoly over taxation. All states want to increase their revenue, but there is a limit. … Read the rest
The Trade Cycle
The role of interest rates allocating resources is critical to the trade cycle. Booms and busts begin when interest is … Read the rest
The Great Deception
Humans can only thrive if they’re free. The state wants to deceive you into believing that you can be free … 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