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Financial regulators ought not inhibit private money creation processes, which make the market more resilient in times of crisis.
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Financial crises come in all shapes and sizes. What could we possibly learn about proper monetary policy?
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In many ways, we are better off than we were in the era of the international gold standard. But monetary freedom is not one of them.
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The Fed’s balance sheet crowds out bank lending, stifling economic growth.
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Banning Bitcoin might have the unintended consequence of causing the average citizen to think a lot harder about why governments have a monopoly on currency in the first place.
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The price of bitcoin has soared and many are left scratching their heads.
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Coinage provided an easy-to-assess standard. It also presented a significant temptation for the fiscal authority.
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Chartalists are right: debt preceded money. But that fact doesn’t do the work they think it does.
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There are two reasons monetary policy cooperation might backfire.
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Banning cash is inconsistent with the liberal tradition. It is the way of despots.