Inflation is always and everywhere a monetary phenomenon” Milton Friedman The historical technical definition of inflation is an increase in the money supply. However, the vast majority of use in both colloquial and academic use is an increase in prices. However even this definition is very broad and can refer to a wide number of phenomena, and these…Read More
The 1971 closing of the gold window, moved the world from a gold-based monetary system to a fiat-based system. Credit expansion then lead to indiscriminate debt and consumption replacing careful savings and investment, and many unintended consequences; economic, social, and environmental. Inspire by wtfhappenedin1971.com 1. Obesity Increase Due to excess consumption encouragement from increased debt, food…Read More
Kinesis is a gold and silver backed cryptocurrency which aims to be a complete monetary system. By depositing gold or silver for KAU or KAG tokens, you not only get fee-free storage for your precious metals but share in the profits generated from transactions on the Kinesis network. In addition to their metal backed tokens,…Read More
eToro describe themselves as a social trading platform, and there are some merits to their platform and social innovations. However, as you’ll see in their promotional video, they market themselves in a way that suggests that you can follow another investor and make money without the time and attention of traditional investments. The main flaw…Read More
It might be technically possible to make Bitcoin the monetary base, but it would be very unwise too. To start, here are some parameters around that statement. Firstly by money, we mean the monetary base, not the various currencies or other assets that have uses in the monetary system. Secondly, in relationship to Gold, Bitcoin…Read More