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Economics

Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money

</header> <strong>Whenever bitcoin experiences a sharp drop or volatility, mainstream media analysts jump to declare that cryptocurrency isn’t stable enough to be considered money. The double-digit crash of the Argentine peso in one day, simply due to an election in the country, can be said to prove the same about fiat.</strong> Also Read: Big Banks …

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Two Economists. Two Views on Bitcoin’s Ability to Disrupt Fiat Money

“Half of the audience here is like, ‘I hope you die in a fire.’” As a libertarian, comedian and podcast host Dave Smith has a lot of common ground with bitcoin enthusiasts, who have a reputation for having a libertarian bent. But when he and others argue that bitcoin isn’t going to replace government-issued currencies, …

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Normalizing Negative Interest: It’s Flabbergasting How Closely Media Parrots the Government

<header class=”article__header”> </header> <strong>Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these policies are getting a shiny new spin thanks to mainstream media outlets promoting …

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Owning Fiat Just Got More Expensive – NIRP Strikes Again

</header> <strong>With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with …

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Currency War Erupts as US and China Bring Out the Big Guns

<header class=”article__header”> </header> <strong>What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the …

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How Governments Steal Your Money and Conceal It Through Inflation

<header class=”article__header”> </header> <strong>Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran.</strong> Also Read: Global Crypto War …

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More Signs the Next Big Financial Crisis Begins in Germany

</header> <strong>Germany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there would be a seismic event of global proportions. The …

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The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn

</header> <strong>“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those who invested …

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Is Bitcoin Money? Revisiting Mises’ Regression Theorem

</header> <strong>Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable …

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US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat

<header class=”article__header”> </header> <strong>The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else go up.</strong> …

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