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Nicolas Cachanosky

What interest rates really are and what happens when governments change them

This piece originally appeared in Learn Liberty By Nicolás Cachanosky  When you pay interest, what are you paying for? Interest rates are one of the most confused subjects in economics. What are they, really? And what is their role in economic crises like the housing bubble and crash of the 2000s? The first thing to […]


Max Gulker

Blockchain and Gold-Backed Money

In his 1963 treatise on gold and free banking titled, “What has Government Done to Our Money?,” economist Murray N. Rothbard envisions a system of private and competing warehouses storing customers’ gold and issuing receipts that could be exchanged as money. Now this decidedly low-tech vision of money and banking may be brought to life […]


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