โข
Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebookโs co-option of blockchain technology might be the best news for the industry of 2018.
โข
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
โข
Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught and thought about.
โข
What weโve learned is that money can be privately produced. Hayekโs dream of choice in currency can be reality. What form it will take in the future no one can know for sure. Whatโs more, there is no end game here. The process of innovation will never stop.
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
The personal signature has a notorious history: J.S. Bachโs on his compositions, the founding fathers on the Declaration of Independence, Picasso on his paintings, and the presidentโs today on executive orders. Creating your own was a right of passage. With credit card companies admitting the obvious that it does nothing to verify your identity, does…
โข
Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.
โข
On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.
โข
In the fall of 1974, AIER founder E.C. Harwood wrote a letter to President Gerald Ford.
โข
AIER Trustee Walker Todd recently took note of this provocative piece from George Selgin, which argues that the Federal Reserve Bankโs actions since the Great Recession have done little good to boost the economy.
โข
Technology rarely does what we hope or predict it will do. In a year of falling exchange rates and failed ICOs, Facebookโs co-option of blockchain technology might be the best news for the industry of 2018.
โข
Under ideal conditions, stablecoins would come to exist due to pure market demand rather than as a reflection of the regulatory climate that has limited access to conventional banking services.
โข
Right now, we have a disordered and dysfunctional money system. This poses very acute risks and dangers that because of the nature or money can have system-wide effects. We should look at how monetary systems have been reformed in previous times, and also rethink the way money is commonly taught and thought about.
โข
What weโve learned is that money can be privately produced. Hayekโs dream of choice in currency can be reality. What form it will take in the future no one can know for sure. Whatโs more, there is no end game here. The process of innovation will never stop.
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
The personal signature has a notorious history: J.S. Bachโs on his compositions, the founding fathers on the Declaration of Independence, Picasso on his paintings, and the presidentโs today on executive orders. Creating your own was a right of passage. With credit card companies admitting the obvious that it does nothing to verify your identity, does…
โข
Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.
โข
On October 3, the Committee for Monetary Research and Education held a dinner in New York City featuring four distinguished speakers on the topic of blockchain technology versus fiat currency.
โข
In the fall of 1974, AIER founder E.C. Harwood wrote a letter to President Gerald Ford.
โข
AIER Trustee Walker Todd recently took note of this provocative piece from George Selgin, which argues that the Federal Reserve Bankโs actions since the Great Recession have done little good to boost the economy.
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