lettherebelight

Let There Be Light!

– October 22, 2018

Light, as we know it today, is a commodity. That would not have been possible without the institutional prerequisites — freedom to create, own, and exchange — that built the modernity we too often take for granted.

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Breaking the Banks: Central Banking Problems and Free Banking Solutions

– July 24, 2018

Economic Education Bulletin Vol. XXX, no. 6 | April, 1990 by Richard Salsman

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Towards Lawful Money

– July 11, 2018

Discretionary central banking has had its day. It’s time to insist on lawful money.

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Big Data, Monetary Calculation, and Monetary Authorities

– July 5, 2018

The knowledge required to maintain monetary equilibrium is tacit and dispersed. No centralized monetary system, no matter how smart or well-intentioned its leaders, has access to that knowledge.

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digital-revolution

Adopt or Die: Financiers Embrace Crypto Transition

– June 28, 2018

Fintech solutions are here to stay, whether banks want them or not. They shouldn’t forget that while banking is necessary, banks are not. 

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Is There Something Public About Banking?

– March 15, 2018

A purely private banking system is impossible today. It is worth considering for tomorrow.

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Fractional-Reserve Banking and the Sharing Economy

– February 20, 2018

The future has a lot of potential awe-inspiring inventions coming down the pipeline. But while daydreaming about these, we shouldn’t forget to be in awe of the invention of fractional-reserve banking. Long before fancy apps, and indeed long before the internet even, it was solving our problems and making our lives better.

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The Digital Denationalisation of Money

– January 29, 2018

Cryptocurrencies are still quite new and seem to just be scratching the surface of their potential. If they are to succeed — not only as a fringe medium of exchange or speculative investment, but as real competitors with government currencies — some new programmers are going to have to come along and make currencies whose digital coins are created in a much different manner than the current ones. Perhaps digital coins whose supply is determined by demand will lower volatility enough to cut the future uncertainty of prices. Those may be adopted as true media of exchange. Until that time, Hayek’s vision of private currencies will not be quite realized.

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Northern Bank

Suppression of State Banknotes

– January 25, 2018

There were many problems with the state bank era. But that does not mean the suppression of state banknotes improved matters.

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Knowledge Problem in Central Banking – Part II

– August 3, 2017

The previous post presented Hayek’s knowledge problem in the context of the economic calculation debate under socialism. We discussed the distinction (sometimes overlooked) between information and knowledge . To sum up, information is ob …

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Gold and Liberty

– March 31, 2017

Economic Education Bulletin Vol. XXXV, no. 4 | April, 1995 by Richard Salsman

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“Roads to Sound Money” Book Release

– November 11, 2012

The Sound Money Project of the Atlas Network is proud to announce the release of its newest publication, Roads to Sound Money. Please join the Atlas Network for the launch on Wednesday, November 14 at 5 pm in the South American room at the Capital Hilt …

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