Wednesday https://www.bloomberg.com/news/articles/2017-11-20/can-bitcoin-survive-an-apocalypse The naïve views expressed in this article are disturbing. Bitcoin better than Gold after a social breakdown? Yes, a non-government controlled currency is a good thing, but bitcoin is not money. It is just a medium of exchange – a very unstable and difficult to use … [Read more...]
The Quality of Money
There are innumerable factors that can cause prices to rise or fall. Only one of them is a constant – government regulations that cause prices to rise. Even taxes go down, for a while, occasionally. New regulations never cease. Every single piece of government regulation adds to the costs of business. Regulation remorselessly drives business costs higher and, in … [Read more...]