Cryptocurrency as Money—Store of Value or Medium of Exchange?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?
Economic calculation requires a monetary system that is not sabotaged by government interference.
"Most of the advocates for tender laws are those who have debts to discharge, and who take refuge in such a law, to violate their contracts and cheat their creditors."
The original monetarists (Milton Friedman), Scott Sumner, and problems with market monetarism.
There are two very effective ways to destroy an economy: hyperinflation and central planning.
Few people are aware of what the Federal Reserve System, acting on behalf of the U.S. Government, is doing to their money, writes Hans Sennholz.
Digitization will undoubtedly bring great improvements and new opportunities for peoples’ lives. But digitization also has a downside.