354 Articles 4 Followers
28 Oct 2023 6 minute read 0 comments OfTheFreeMarket
“The power to tax involves the power to destroy . . . “ -Former Chief Justice John Marshall, in McCulloch v. Maryland, 17 U.S. 4 Wheat. 316 316 (1819) “Taxes are what we pay for civilized society, . . . “ -Oliver Wendell Holmes, former Justice of th...
24 Oct 2023 1 minute read 0 comments fmiren
The basics of economics I finished reading the book “Economics in One Lesson” by Henry Hazlitt in two days. That good it was! It is a well-written book on the basics of economics. By exposing economic fallacies and failures of economic policies, it...
23 Oct 2023 1 minute read 0 comments OfTheFreeMarket
“For smaller countries, bitcoin is a superior solution to their own fiat currency in many ways,” -Matthew Le Merle, managing partner at Blockchain Coinvestors BTC is the key to a corruption free economy for some countries, to others it is a beacon...
19 Oct 2023 1 minute read 0 comments RealSociology
Wages growth in the UK has just over taken inflation for the first time in 2 years according to this BBC News Report. In August 2023, the latest month for which data is available, wages grew by 7.8% on average compared to just 7.1% for inflation. Th...
17 Oct 2023 3 minute read 0 comments OfTheFreeMarket
This post is a follow up to my first article posted on this blog, “Fiat Money.” That post was a discussion of the fact that American currency is “fiat money,” that is to say, nothing backs up the paper bills or coinage of US Government—unless you con...
16 Oct 2023 1 minute read 2 comments OfTheFreeMarket
“The reason we are all here is that the current financial system is outdated.” – Charlie Shrem – founder & CEO Bitinstant From Janett Yellen to Elon Musk we have heard about the inefficiencies of crypto currency energy consumption. Yellen along with...
13 Oct 2023 3 minute read 0 comments OfTheFreeMarket
The US began debasing its coinage in 1965 via something called the Coinage Act of 1965. By 1970 dimes, quarters and half-dollars had exactly no silver left in them. This was hardly a new ploy; the Roman megalomaniac and emperor Nero started debasing...
11 Oct 2023 2 minute read 1 comment OfTheFreeMarket
“Cryptocurrency is absolutely here to stay. If you can’t see that at this point, it’s time to learn more about it.” -Joel McLeod In years past, in any effort to go against the draining economic power of inflation, your normal investor would have p...
10 Oct 2023 1 minute read 0 comments OfTheFreeMarket
“If the world’s using bitcoin, governments won’t be able to fund wars through inflation like they do today.” –Roger Ver. Inflation a market phenomena every economic system has. Inflation causes a general increase in prices and a fall in purchasing va...
6 Oct 2023 2 minute read 2 comments RealSociology
I actually ask myself this question every time I fill up the car on the garage forecourt: would it be worth paying slightly more for the premium fuel compared to the cheaper option which is what I usually go for. So I was interested to listen to this...
