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bitcoins

So, Bitcoins

By |2017-05-25T17:58:22-04:00May 25th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Bitcoins are a remarkable bit of innovative technology. When they were first introduced quietly at the end of October 2008, nobody noticed it or the fitting timing. The design paper for the cryptocurrency was published anonymously at the very same moment the dominant global currency, the eurodollar, was undergoing its severe reckoning. The latter is in many ways like the [...]

Durable Monopoly

By |2013-05-17T11:21:23-04:00May 17th, 2013|Federal Reserve/Monetary Policy, Markets|

Any truly capitalist economic system is instilled with an embedded remedy for the natural progression of business and production toward monopoly. The very success that society needs and benefits from capitalist progression, owing to innovation, naturally thins the herd of producers. The most successful producers continually suppress their own production costs through “small-scale” innovation and productivity – to the point [...]

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