In response to Gary North’s November 29, 2013 article, “Bitcoins: The Second Biggest Ponzi Scheme in History“: “I hereby make a prediction: Bitcoins will go down in history as the most spectacular private Ponzi scheme in history“ - If it were a private Ponzi scheme, it’d be illegal, and would already be prosecuted, just like […]
From the October 7, 2013 Economic Policy Journal article, Is Bitcoin Money: What Economists Have To Say, Tom Woods said: “Tom Woods: Bitcoin is a medium of exchange but not money. This isn’t an insult to or a value judgment about Bitcoin. Austrians sometimes describe money as the most widely accepted medium of exchange in […]
Monetary historian and reformer Byron Dale is scheduled to be my guest for the full two hours of Exposing Faux Capitalism, on December 22, 2013, from 8 to 10 PM EST. I’m looking forward to speaking with him about his monetary reform efforts in Minnesota, to issue debt-free money in pursuit of legitimate public works […]
It’s been over two years since I wrote this Manifesto. The Occupy movement was in full swing; they had Wall Street occupied and America hypnotized. It hadn’t yet branched out into all areas of American life, as it has done since, in an attempt to rehumanize the way society, business, health-care, and pretty much everything else works.
Here is the summary I prepared of the first hour of my November 4, 2013 interview on Red Ice Radio. 1m – Credit default swaps 3m – The Federal Reserve as the world’s bank 5m – Big economic busts are a direct consequence of the debt-money system with compound interest 5m – Individual interest-based contracts […]
Wired writer and globetrotting journalist David Wolman joins us to talk about mobile ticketing, cashless mini-societies, bank robberies and 'The End of Money'.MP3/Feed\
From the introduction to Joseph Salerno’s new book Money: Sound and Unsound (PDF): Since these essays on the gold standard were published my view has changed on one issue of some importance. I am much more sympathetic now than I was when I wrote my essay on “The Gold Standard: An Analysis of Some Recent Proposals” (Chapter 14) […]
