The ECB is Trapped, Here’s Why [Lyn Alden]

The ECB is Trapped, Here’s Why [Lyn Alden]

“Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability of commercial banks, and it’s used as a savings asset by the public. Treasuries are liabilities of the federal government, and...
Bitcoin is Digital Scarcity [Dergigi]

Bitcoin is Digital Scarcity [Dergigi]

“The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created...
Wrestling With the Truth [Allen Farrington & Sacha Meyers]

Wrestling With the Truth [Allen Farrington & Sacha Meyers]

“The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. The price is never right, but prices are as right as can be hoped for at that moment. Attempts to coerce prices...