Showing posts with label origin of money. Show all posts
Showing posts with label origin of money. Show all posts
Saturday, March 23, 2013

Tom Woods: Why the Greenbackers Are Wrong

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One of the strident critics of the US Federal Reserve have been the Greenbackers.   Greenbackers represent a left wing American politi...
Wednesday, March 20, 2013

Which is a Bubble: Bitcoins or Fiat Money?

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The mainstream sees the exploding public interest on bitcoin as a threat and brands it a “bubble”. Here is the Economist , NOT MANY ...
Friday, January 18, 2013

Quote of the Day: Money is an Invention of the Marketplace

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Money is an invention of the marketplace of exchange, brought into being by traders who discovered that a reliable medium could facilitate...
Friday, May 18, 2012

Economics in a War Prison Camp

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It is said that nature abhors a vacuum. And since people are part of nature then obviously the human community also abhors a state of vacuum...
Saturday, March 31, 2012

Use Cash for Freedom

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I had a gruesome first hand experience on how governments disdains the use of cash. Sadly this has not been an isolated experience, but a...
Friday, March 23, 2012

The Mythical World of Ben Bernanke

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For Ben Bernanke and their ilk, the world exists in a causation vacuum, as things are just seen as they are, as if they are simply "giv...
Monday, February 06, 2012

More US States Seek New Gold and Silver Currencies

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From the CNN , A growing number of states are seeking shiny new currencies made of silver and gold. Worried that the Federal Reserv...
Thursday, February 10, 2011

Paper Money System: Origin And Destiny

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321gold’s Darryl Robert Schoon on the origin of paper currency (he quotes Ralph T. Foster’s book, Fiat Paper Money , The History and Evolut...
Sunday, November 22, 2009

Is Gold In A Bubble?

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``Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as ...
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