Tag: keynes

Fish are the last to discover water — and economists simply cannot see past the Keynesian theory that creates the problems they intend to solve.IntroductionIn 1776, Adam Smith published, “The Wealth of Nations” and, for the most part, the near 1,000-page document confused, perplexed or completely lost many readers in what some considered a wandering and often “off subject” digressive narrative....

Keynesianism has eroded the ability for individuals to accumulate the necessary amount of capital to better their livesThe below is a direct excerpt of Marty's Bent Issue #1086: "Keynesianism doesn't work because it discards local information." Sign up for the...

Bitcoin-only director Richard James’ documentary on the recent history of inflation, “Hard Money,” uses stock images and anonymous narrators to weave the film. One of them qualifies the tweaking of the money supply as “...

Welcome back, book lovers! Before we dive into government money, what have we learned so far? Well, that history is extremely hard to summarize, for one. Secondly, historically, governments haven’t been able to resist the temptation to debase the currency. Third, devaluation leads to breakdowns in society and the fall of empires, but the process is a very slow death. It can take...

We’re back! Your favorite book club took a week off because of everything going on in Miami, at the Bitcoin 2021 Conference. Totally justified, we know. But the time is now, we need to figure out what money is and why humanity left the gold standard. Let’s follow Saifedean...