The Fiat Standard

The Fiat Standard | Dr. Saifedean Ammous From Mises.org: 07/16/2021Jeff DeistSaifedean H. Ammous Saifedean Ammous, famous for The Bitcoin Standard, has a remarkable new book detailing the effects of fiat money on virtually every aspect of society. In the tradition of Guido Hülsmann’s The Ethics of Money Production, Ammous returns with The Fiat Read more…

What is the Cantillon Effect?

Inflation and bitcoin has forced us to bring some nasty behaviours into the light. Article by Mitch Morse. https://www.coinbeast.com/post/understanding-the-cantillon-effect Understanding the Cantillon Effect: Increasing Incomes Versus Rising Costs Hal works day in and day out, year in and year out, at his diner. Over the course of several years, he Read more…

Is El Salvador the First Country to Adopt the Bitcoin Standard?

The news are really wild. We’re not there yet, but it really seems like it’s happening. For a thorough explanation you can watch this video by Trader University Read “El Salvador, Dollarisation, and Bitcoin - What to Expect From Here” https://hodlingonward.medium.com/el-salvador-dollarisation-and-bitcoin-what-to-expect-from-here-7a3a0d5460ad Laser Eyes Are Spreading Across Central and South America https://www.btctimes.com/news/laser-eyes-across-central-south-america Listen to Read more…

Russia is Reportedly De-Dollarizing

The news from Bloomberg says Russia will eliminate the dollar from its wealth fun. Kremlin seeks to reduce exposure to U.S. assets amid threats of sanctions. https://www.bloomberg.com/news/articles/2021-06-03/russia-cuts-dollar-from-119-billion-wealth-fund-amid-sanctions From Balajis.com As outlined in this series of articles, every country that’s not the USA or PRC will shift to national stacks & Read more…

Bitcoin is a Life Raft, And It’s Already Saved Millions Worldwide From Inflation and Poverty

Seifedean Ammous posted these tweets about bitcoin saving lives. It’s an emotional rant, but that’s the only way to deal with Keynesian crooks that have literally destroyed millions of lives around the world with their corrupt monetary policies. The tweets in a thread. https://threadreaderapp.com/thread/1381889781953597442.html Reposted here: Bitcoin is a life Read more…