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Alexander W. Salter

Coinage and Fiscal Finagling

Coinage provided an easy-to-assess standard. It also presented a significant temptation for the fiscal authority.

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Scott Burns

Bitcoin and the Marxist Theory of Value

Is bitcoin based on a Marxist theory of value?

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Alexander W. Salter

Ancient Human Activity and the Necessary Conditions for Indirect Exchange

Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.

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Robert Hughes

Auto Sales Fell Slightly in November but Remain at a High Level

Auto sales eased back to 17.5 million in November, the second monthly slowing following a hurricane-related surge to 18.6 million in September. Despite the slowing over the latest two months, auto sales remain at a high level by historical comparison.

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Bitcoin
Ivan Jankovic

Bitcoin’s False Promise of Libertarian Salvation

We should not delude ourselves with notions that our small enclaves of devotees of this or that new technological miracle will make us invulnerable to government coercion. They will not. 

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