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The Myth of Common Property
An Observation by L.A. Repucci It has been proposed that there exists a state in which property — whether defined in the physical sense such as objects, products, buildings, roads, etc, or financial...
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How the Rentenbank Stopped Inflation
After World War I, Germany had to pay reparations to the United Kingdom and France. Having sold off its gold, the German government had no specie with which to back its currency, the mark. Therefore...
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From the Comments: A Note on the Upcoming French Elections
Jacques Delacroix has belatedly responded (he’s retired!) to an inquiry about the upcoming French elections. Happening History posed the following question to Dr. Delacroix: I found your post very...
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A Tale of Free Banking
Herewith we visit an imaginary future where free banking prevails. Government regulation of banks is a thing of the past. Banks have the freedom and the responsibility that they lacked under government...
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From the Comments: Greece, the Euro zone, and Russian prowess
Dr Amburgey writes: I just returned yesterday from a week in Athens for an academic conference. There seemed to be a big socio-economic divide in voting intentions. The unemployed and menial workers...
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Myths of Sovereignty and British Isolation XVI, Britain’s Significant Others:...
Moving on from the narrative of British history concluded in the last post, some thoughts about the way that Britain has existed as a European nation in comparison with other nations, mostly Germany...
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‘The Bitcoin Gospel’ and its Critiques
Last weekend, November 1st 2015, a Dutch television network broadcast a splendid documentary on Bitcoin entitled ‘The Bitcoin Gospel’ (Het Bitcoin Evangelie). It started off with Roger Ver, also known...
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From the Comments: Money, Currency, and Bitcoins
Dr Gibson chimes in on Chhay Lin‘s most recent post about bitcoins (I hope there will be more): “Unspent dollars means reduced sales, and as sales decline, profits drop, layoffs increase, and the total...
View ArticleSMP: Separating the Technology of Bitcoin from the Medium of Exchange
At the Sound Money Project I have a comment on the importance of distinguishing between the bitcoin technological innovation and its use as a means of exchange. A solid technological innovation does...
View ArticleTurkey at the start of one-man rule
1. Yesterday (Monday) Recep Tayyıp Erdoğan took office under the system of executive presidency, which gives him arbitrary personalised powers, based on the claim that a system of such extreme powers...
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French financial experts are anything but Diego Zuluaga, Alt-M The beauty of Soviet anti-religious art Roland Brown, Spectator Obama, Erdoğan, and the Syrian rebels Seymour Hersh, LRB Europe, Turkey,...
View ArticleThe meaning of Hayek’s main views on monetary theory
The one who is set to determine what Friedrich Hayek’s monetary theory consisted of will discover that his was a labyrinthic exploration conducted to dead-ends, which taught him what paths not to...
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