โข
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
โข
Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.
โข
โMoneyโ lacks a standard definition. In his 2014 book Dawn of Gold: The Real Story of Money, Gold Standard Institute President Philip Barton defines money as a โstore of stable value,โ and it is this stable value that separates gold from everything else that aspires to be called money.
โข
The contrasting supply and demand mechanisms of Bitcoin and gold mining pose real challenges to the cryptocurrency’s future.
โข
There is a reason to the rhyme of why dealers, rappers, and pimps wear their wealth. It all comes down to the legal gulf that separates their professions and art from civic practices. If you want to keep what you have earned, and take every precaution against having it pillaged by the police, itโs best…
โข
Government monetary policy was not invented to help the everyday person but instead to benefit the government and its connected interests, โthe swindlers.โ
โข
Devaluation, or clipping the coinage, as the process was called in the days of the Robber Kings, is a subtle form of taxation. Like most other taxes, those imposed by this insidious method will be borne by the Forgotten Man.
โข
Creating gold requires an excedingly rare event and unfathomable amounts of energy.
โข
Several key factors make Bitcoin and other cryptocurrencies at best imperfect substitutes for gold.
โข
A freely traded digital currency backed by gold may be just around the corner. This week, at the MIT Technology Reviewโs Business of Blockchain conference, I heard Sandra Ro of CME Group (which operates the worldโs largest futures and options exchange) discuss a partnership with the U.K.โs Royal Mint to offer a digital currency called…
โข
The Fed should focus entirely on the soundness of the dollar and the banking system. Innovations like cryptocurrency and the growing infrastructure associated with it are the business of private enterprise, not government and official institutions.
โข
Requiring that citizens track transactions in gold or alternative currencies and pay taxes on gains and losses relative to the dollar is just another mechanism for keeping the monetary playing field unbalanced in favor of government fiat.
โข
โMoneyโ lacks a standard definition. In his 2014 book Dawn of Gold: The Real Story of Money, Gold Standard Institute President Philip Barton defines money as a โstore of stable value,โ and it is this stable value that separates gold from everything else that aspires to be called money.
โข
The contrasting supply and demand mechanisms of Bitcoin and gold mining pose real challenges to the cryptocurrency’s future.
โข
There is a reason to the rhyme of why dealers, rappers, and pimps wear their wealth. It all comes down to the legal gulf that separates their professions and art from civic practices. If you want to keep what you have earned, and take every precaution against having it pillaged by the police, itโs best…
โข
Government monetary policy was not invented to help the everyday person but instead to benefit the government and its connected interests, โthe swindlers.โ
โข
Devaluation, or clipping the coinage, as the process was called in the days of the Robber Kings, is a subtle form of taxation. Like most other taxes, those imposed by this insidious method will be borne by the Forgotten Man.
โข
Creating gold requires an excedingly rare event and unfathomable amounts of energy.
โข
Several key factors make Bitcoin and other cryptocurrencies at best imperfect substitutes for gold.
โข
A freely traded digital currency backed by gold may be just around the corner. This week, at the MIT Technology Reviewโs Business of Blockchain conference, I heard Sandra Ro of CME Group (which operates the worldโs largest futures and options exchange) discuss a partnership with the U.K.โs Royal Mint to offer a digital currency called…
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