Money and Banks

As government-created barriers to entry rise and fall, so does competition in the banking sector.

Argentinians have voted again for the policies that led to the 2014 financial crisis, and many crises before it. The regime remains inflationary and committed to big spending.

The fewer non-productive bubble activities we have, the better it is for those activities that actually crate wealth. But attempts to reverse deflation with new money creation only create new bubbles.

While some governments have sought to wage war against cryptocurrencies, Switzerland is striving to become a "crypto-nation." 

Inflation not only debases currency, but damages the family institution, eroding the quantity and quality of marriages while creating distortions in the decision-making processes of those hoping to establish families.

Abenomics, Japanese Keynesianism on steroids, has made the rich richer, and all others poorer. 

Presented at Jekyll Island, Georgia, in September 1986.

Presented at Jekyll Island, Georgia, in September 1986.

In his new book The Bitcoin Standard, Saifedean Ammous displays a fine understanding of money, and also a good grasp of how currencies like Bitcoin could revolutionize the government-dominated banking sector.

Economic growth comes from the accumulation of real wealth — which is necessary to produce more goods and services.