The Political History of Silver in America
“The history of metals as monetary commodities is long, difficult, and highly contentious. With The Story of Silver, William Silber has earned his spot on that part of the library shelf.” ~ Joakim Book
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Money is What You Hold Between Production and Consumption
“What monetary competition and the search for a new-and-improved regime does so well is indicate the necessity of money to move value through time and space. That search continues.” ~ Joakim Book
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Will Cash Soon Be Obsolete?
“Perhaps these trends will reverse. But it seems more likely that the reports of the forthcoming death of cash have been greatly exaggerated––that is, so long as the government doesn’t kill it.” ~ William J. Luther
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To CBDC or Not to CBDC?
“The risks of building a US or Canadian CBDC are all worth taking on if the problems that they solve are significant. Unfortunately, some of the problems that CBDC advocates want to target, like the threat of China, aren’t really problems. Others, like the stimulus payments problem, can’t be solved by a CBDC.” ~ J.P. Koning
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Problems of Federal Reserve Policy—and How to Solve Them
“To stabilize the economy, informed citizens must study the faults of discretionary central banking and call for reforms to protect against them. ‘Money and the Rule of Law’ accomplishes the first goal. The second is up to us.” ~ Thomas L. Hogan
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Bitcoin Bros Rediscovering Our Monetary Past
“For all the revolutionary creed that surrounds the emerging monetary commodity that is bitcoin, it seems that its future more and more resembles the past it tried to escape. Happy times for us monetary nerds.” ~ Joakim Book
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The Utter Futility of a Bitcoin Ban
“Throughout history, governments have identified emerging threats and sought to eliminate them through heavy-handed bans, or regulations so stringent that they are effectively bans themselves. But the only thing that is guaranteed through these actions is certainly not the eradication of the ‘undesirable’ product or behavior––it’s the human tendency to find new and innovative workarounds in the face of obstacles.” ~ Peter C. Earle
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The Banking System and the Evolution of Money
“Many of the public policies that shackle the financial sector are designed to do so, because they help governments accomplish some other political objective. Engaging these political considerations, and how they impinge on banking and finance, is critical if we want to understand the history of monetary institutions, especially in the United States.” ~ Alexander W. Salter
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A Currency that Rises in Value Will Change Everything
“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern and prosperous way of life that inflationary paper currency has done so much to reverse.” ~ Jeffrey Tucker
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Tesla’s Bitcoin Purchase Is the Start of a Bullish Monetary Future
“The bullish future that Tesla seems to be helping to usher in is one of private monies replacing government money, of individuals asking for compensation in money they trust over money that governments haven’t always overseen in trustworthy fashion. Elon Musk is helping to bring the future into the present. We’ll all be better off as a result.” ~ John Tamny
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Algorithmic Stablecoins
“Efforts to create stability without collateral are ambitious. The evidence that Empty Set Dollar and Dynamic Set Dollar have provided over the last few months suggests they are too ambitious. An algorithmic stablecoin only works so long as its users’ self-referential beliefs persist.” ~ J.P. Koning
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The SEC, Cryptocurrencies and Securities
“What are the implications of the Ripple suit for cryptocurrencies in general? Cryptocurrencies with a framework similar to Ripple’s obviously have a problem. Decentralized cryptocurrencies such as Bitcoin and Ether are far away from the situation creating problems for Ripple.” ~ Gerald P. Dwyer
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