What is Money Anyway? Part 2

What is Money Anyway? Part 2

“To put it into perspective, this international monetary system based around centrally-managed fiat currency is only 16 years older than me. My father was 36 when the US went off the gold standard. When I grew up, after a period of financial hardship, I began...
What is Money Anyway? Part 2

What is Money Anyway? Part 1

“If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s...
21 Million is Non-Negotiable [Zach_of_Earth]

21 Million is Non-Negotiable [Zach_of_Earth]

“Imposing limitations on monetary goods has always required tremendous amounts of time and energy, and trust. And yet, with all our efforts, we still have been unable to fix the supply of any of the modern monetary assets of the world. Someone, somewhere, has...