Classical Economics in a Quantum World
George Gilder asked for my comment on the new expandable cryptocurrency AMPL. My reply. George, I haven’t heard of AMPL or YAM, but I think the author Koning has characterized them correctly. They are just another in the long…
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Duration of Debt and The Inflation Reference All inflations, everywhere, are preceded by a rise in the price of gold in that country’s currency. –Alan Reynolds This is an iron law. However, there must be a reference point from…
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There is a very good article from ZeroHedge on the coming Treasury debt issuance resulting from the Covid-19 government-imposed shutdown. Goldman Spots a Huge Problem for the Fed. ZH is obviously well connected to the inner workings at Treasury and the…
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Fed Balance Sheet Analysis Analyzing the Fed’s April 30 H.4.1 $6.6 trillion balance sheet requires more nuance than just observing its rapid, unprecedented increase since the start of the government imposed Covid-19 economic contraction. Change in Fed balance sheet from Jan 02,…
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Money is stable in value on a gold standard. That’s all a gold standard does. It links a currency to gold, and that currency achieves gold’s historical stability of value. Stable value eliminates inflation and deflation. It’s why Great Britain…
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The next halving of bitcoin’s mining reward will occur around the week of May 18, 2020. The mining reward halves every four years. A designed algorithm creates the supply of bitcoin on a schedule coded into the Bitcoin protocol. After…
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Calvin Ayre runs the cryptocurrency news site CoinGeek and is a long-time backer of Craig Wright and Bitcoin SV. CoinGeek presented a conference in London on February 20-21 that promoted advances from Bitcoin SV’s recently released Genesis protocol upgrade that…
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More on the problem and solution for cryptocurrency. Delineating the Crypto Space follows The Protocol Layer, Cryptocurrency Market Valuation II, and Free Banking and Cryptocurrency. The Big Picture The cryptocurrency blockchain space appears to be a chaotic morass of…
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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…
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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…
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