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Bitcoin Must Be Tied to Commodities Basket to Be Currency - Steve Hanke


Bitcoin (BTC) is not a currency, and to be one it needs to be tied to a basket of commodities, says Steve H. Hanke, a Professor of Applied Economics at the Johns Hopkins University and a prominent expert on hyperinflation. Hanke warned against investing in this asset. "Bitcoin is a highly...

Carl Menger: The Nature and Origin of Money


In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most...

US Cash Crisis: Withdrawal Limits Spark Bank Run Fear


The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite...

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