The role of bitcoin, and cryptocurrencies more broadly, in a negative interest rate world (as unlikely as that truly is), is twofold.
Bitcoin is as much a product of spontaneous order as gold; it arose of unrelated innovations in several fields, each coming from different minds and institutions with wholly unrelated objectives.
The Obamas may have intended to make a film about workplace culture clashes, but American Factory is at its core damning snapshot of American labor entitlement in an age of increasing globalization.
It is increasingly evident that the determined embrace of 18th-century trade philosophies is taking a mounting toll on American consumers and businesses
Leadership is a pseudoscience for constructing narratives. America does not ‘need a leader’.
The presumption that wealth inequality necessarily leads to social upheaval is specious, unproven, and manipulative.
If the current path is maintained (and quite possibly even if it isn’t), the future belongs to truly “dependable and reliable” monetary media: cryptocurrencies and precious metals
Trading is the very soul of the market economy. Taxing it is a sure path to killing that soul.
If there is a bright spot to the tariff war, it’s that the Fed has definitively exposed itself as a political body, less interested in economic growth than serving the interests of power.
Are lovers of liberty ever to turn our faces toward the sun, standing on truly free soil? Remembering the Walled City of Kowloon should energize our determined, but peaceful, fight.