Saturday There is some evidence that the monetary confusions rampant amongst economists was not always so. And God created the two precious metals, gold and silver, to serve as the measure of value of all commodities. They are also generally used by men as a store or treasure. For although other goods are sometimes stored it is only with the intention of acquiring gold or … [Read more...]
Money is Not a Good 2
Tuesday Oh dear; I hate disagreeing with this man as I am a big fan of his work, but he is repeating the hoary old mantra that money is a good. It is not, was not and will never be. The ‘most marketable good’ is the best trading good, but still a good, not money. Fiat is a good, though with a value far more unstable than most goods, but a good nevertheless. Crypto … [Read more...]