Money
12 posts
- 1Beginner
Sound Money
The meaning and importance of currency that governments cannot arbitrarily print.
- 2Advanced
Hardness of Money - Stock-to-Flow
The hardness of money is a property measured by the Stock-to-Flow ratio, which represents the ratio of existing monetary stock to new production.
- 3Advanced
Regression Theorem of Money
The Regression Theorem of Money is Mises' theory that the value of all money originally derived from non-monetary uses.
- 4
- 5Intermediate
Why Did Money Become a Tool of the State?
An overview of how money became entangled with state power and why that is a problem.
- 6Intermediate
Nixon Shock
August 15, 1971, the day the dollar's link to gold was severed. The pivotal turning point that marked the beginning of the modern fiat currency era.
- 7Intermediate
Inflation Tax
The government can take your wealth without raising taxes. An invisible tax not found in law.
- 8Intermediate
Cantillon Effect
Newly issued money does not reach everyone simultaneously. This is the mechanism that creates inequality.
- 9Intermediate
Fractional Reserve Banking - Your Money Isn't in a Vault
The money you deposit at a bank is not sleeping in a vault. The bank lends most of it out, and in the process it creates new money. How most of the world's money is born from 'a loan.'
- 10Intermediate
Moral Hazard
When people can pass the cost of failure to others, they become more reckless.
- 11Intermediate
Deflation Is Not the Enemy
Mainstream economics treats falling prices as a catastrophe. History and logic tell a different story - one where deflation often signals prosperity, not collapse.
- 12Intermediate
CBDC - Money the Government Can Switch Off
CBDC is often called 'the government's bitcoin,' but it is in fact the opposite. What programmable money issued and controlled by a central bank actually is, and why it is Bitcoin's mirror image.