Interest Rates Are A Market Price Signal Not To Be Interfered With

An interfering government is the only barrier to any revival of a capitalist society. In a free market, market price signals communicate and reveal the subjective valuations of all market participants, including time preference toward present goods over future goods. Market price signals represent scarcity and important information, such as market interest rates, and are … Continue reading Interest Rates Are A Market Price Signal Not To Be Interfered With

Competing Crypto-Currency, RSCoin

The Telegraph reports the Bank of England are developing a new competing currency for Bitcoin, called RSCoin. “[This new currency transfers the] control of money creation from private banks to the state. Arguably, this would make the financial system safer and less prone to boom-bust cycles.” (Evans-Pritchard, 2016). Inflation-induced “boom-bust cycles” arise from monetary policy credit … Continue reading Competing Crypto-Currency, RSCoin