“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.” – Alan Greenspan Who would’ve guessed that the most succinct…
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“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold.” – Alan Greenspan
Who would’ve guessed that the most succinct explanation of exactly how Greenspan caused an unsustainable credit bubble in the 90s, resulting in an inevitable economic collapse, would’ve come from Greenspan himself, almost 30 years earlier? Today we read a piece that was a major factor during my early years of discovering the Austrian theory and the importance of sound money. Greenspan’s “Gold and Economic Freedom.”
Check out the original at constitution.org:
https://www.constitution.org/mon/greenspan_gold.htm
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Read More“It is axiomatic that printing money (or creating digital dollars) does nothing to generate economic activity; it only shifts the balance of powers as to who allocates the money and prices risk. It strips power from the people and centralizes it to the government.” – Parker Lewis If you were worried that the previous installment of…
Read More“As a friend of mine likes to say: Bitcoin is pieces of super-gold flying inside an unstoppable PayPal. It is the best money we ever had.” – Gigi Another great piece by Gigi (@Dergigi on twitter) that takes a step back and just tells the message of Bitcoin without all the usual over-complication. Ignore the…
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“If you ask me how much trust is right for the Lightning economy, the answer will always be less.” – Roy Sheinfeld
Read More“Mycelial networks act as a resource transport layer and communications network connecting organisms in the biosphere. This enables organisms to voluntarily trade resources and knowledge across species lines. Increasing trade leads to increased specialization (division of labor), further increasing biodiversity (wealth and resilience) in the ecosystem.” – Brandon Quittem After the long wait, we are…
Read More“What the State fears above all, of course, is any fundamental threat to its own power and its own existence” – Murray N. Rothbard The epic conclusion to Murray Rothbard’s Anatomy of the State. What is the ultimate end of state power? Can we test to see if the State is in fact interested in…
Read More“The greatest danger to the State is independent intellectual criticism.” -Murray N. Rothbard Another piece made available thanks to the amazing team over at the Mises Institute, we dive into the first half of the essential work by Murray N. Rothbard, Anatomy of the State. A critical and objective view of what the tools and…
Read More“I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal to gold’s…” – BitcoinTINA Reading a piece by BitcoinTINA summarized from the BitcoinMagazine series on how Bitcoin is a fundamental shift in the nature of money, and how quickly everything could…
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“I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal to gold’s…” – BitcoinTINA
Reading a piece by BitcoinTINA summarized from the BitcoinMagazine series on how Bitcoin is a fundamental shift in the nature of money, and how quickly everything could change despite how difficult to imagine it may be. Posted with other great work on the Swan Signal blog, we read “Bitcoin and the Technological Evolution of the Finanical System.”
Link to the Blog, plus the other great reading mentioned in the article:
https://www.swanbitcoin.com/bitcoin-and-the-technological-evolution-of-the-financial-system
The 4 part Bitcoin Magazine series where TINA dives deeper into these ideas:
https://bitcoinmagazine.com/articles/listen-bitcointina-on-bitcoin-podcast-series
Don’t forget to start your Bitcoin saving plan. Don’t let the future pull the rug out from under you. Invest in sound money, automatically, easily, and responsibly at Swan Bitcoin. – https://www.swanbitcoin.com?grsf=yg8ftt
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