Classical Economics in a Quantum World
Free Banking and Cryptocurrency is next in my series of looking at the problem and solution for cryptocurrency. Previously in the series is The Protocol Layer and Cryptocurrency and Market Valuation II. The U.S. Free Banking Era It is not…
Read more
I continue to look into the problem and solution for cryptocurrency. Previously, I discussed The Protocol Layer. The Price and Market Cap of Currency What are the two metrics people look at If they want to judge the efficacy of…
Read more
Let’s say that in 1971 you understood what the end of Bretton Woods and the ushering in of the global fiat system meant. You understood that the severing of BW’s gold link and the absence of any monetary standard of…
Read more
When I first looked at Bitcoin in 2016, it was immediately obvious to me that, as designed, bitcoin wouldn’t work as a transactional currency. The bitcoin flaw. No currency has ever existed in fixed supply. An extremely primitive example is…
Read more
The International System of Units (SI), commonly known as the metric system, has seven basic units of measure. the kilogram (kg), for mass the second (s), for time the kelvin (K), for temperature the ampere (A), for electric current the…
Read more
In March 2019, Bitwise Asset Management made a presentation to the SEC to launch a Bitcoin ETF. On October 9, 2019, the SEC disapproved Bitwise’s proposal. This follows the rejection by the SEC of every previous bitcoin ETF proposal, including…
Read more
Gold has been money for thousands of years. Gold standards emerged in the late 1600s, and for 300 years major economies of the world were on a gold standard of some form. What is interesting is that there is no…
Read more
The Normal “The normal” was Fed operating policy from 1913 – 2008. The Fed had direct control of the supply of base money and the ability to match it to demand. By direct control I mean when the Fed created…
Read more
The guests mingled. The dinner, toasts, acknowledgments, and speeches had ended. Spirits were high and none more so than George Gilder. This was his night. It was August 24, 2016, and George had wrapped up his Telecosm event at The…
Read more