The Tragedy of Fiat Money

Tragedy-of-Fiat-Money

Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.

Real Wages Are Declining Amid 5.0% Inflation

real-wages-declining

The Bureau of Labor Statistics (BLS) released new inflation data showing that the Consumer Price Index (CPI) inflation rose 5.0% year over year in March but real wages have declined during the past 24 months.

Hayek and Bitcoin

Hayek And Bitcoin

Hayek passed long before Bitcoin’s inception, but in his book The Denationalisation of Money, he argued for nothing short of stripping the state of its monopoly power of money itself.