Bitcoin was introduced to the world in 2009 and has been the subject of criticism from newspapers, professors, and mainstream media from day one. Allegations of being a Ponzi scheme, of being used only by criminals, and predictions of impending bankruptcy have continued for years. For just over a year…

Inflation and deflation are market phenomena, effects of previous courses of action, which are free from any morality whatsoever. They are triggered. In a market economy, they are a voluntary and genuine determination. Problems arise when both occur in a manipulated economy, or worse, a command/control one. In this case…

Democracy is accurately described as “two wolves and a lamb voting on what to eat for dinner,” but after the lamb is fully digested, the wolves are still hungry. What are they doing? First, they borrow, and then when that source is exhausted (excess debt raises interest rates, which makes…

Ripple effect is a better term than “Lehman Effect,” because, in this way, the fear behind any financial contagion due to the crash of a particular reality is succinctly expressed. In many op-eds, we have described how the current financial system is inextricably interconnected, where property rights are ephemeral, and…

“We want to leave a good planet, not just a good currency” (Mario Draghi, February 17, 2021, first speech by Prime Minister to the Italian Senate). The environmental issue, like the monetary one, focuses on the exact same problem: the systematic and legal aggression of private property by the State…

In a barter economy, imagine Peter the miner that produces X ounces of silver. The reason why he mines silver is because there is a market for it: silver contributes to the well-being of people. Peter then exchanges his X ounces of silver for various goods and services. Over time…

In 1946, one of Friedrich Hayek’s best works was published, “The Use of Knowledge in Society”, which would then allow him to be awarded the Nobel Prize in Economics about 30 years later. 75 years have passed since the publication of that extraordinary work and we can still learn the…

Check out our new platform 🚀 https://thecapital.io/ — There can be little doubt that central banks want to increase their control over money and how it is used. Sound money is crucial when it comes to defend people’s economic freedom against the overwhelming control on the part of the state and sound money is not forced by the…

The Eurozone is the true ‘problem-child’ in the global recovery-narrative. It already succumbed to recession in Q4 2019. There are also very few signs of an actual recovery in the currency bloc, reflected, for example, in collapsed industrial sentiment, which has not recovered. This does not bode well for the…