Fast Rope

The truth will out.

Ending Fiat Money Won’t Destroy the State

by Ryan McMaken via Mises Institute Lee esto en Español A certain meme has become popular among advocates of both gold and cryptocurrencies. This is the “Fix the money, fix the world” meme. This slogan is based on the idea that by switching to some commodity money—be it crypto or metal—and abandoning fiat currency, the […]

Cryptocurrency Edition: Remy Rapping Finance 101

Don’t be fooled. Cryptocurrencies, like Dogecoin or even Bitcoin, should not be considered a hedge against inflation or economic calamity. These digital creations tend to act more like “risk-on” assets, and the speculative frenzy surrounding them has certainly been fueled by the Federal Reserve’s massive and reckless money printing. Cryptos are an definitely interesting and […]

“Crypto-Mania” and the Unsound Money Regime

by Brendan Brown via Mises.org Previous sustained surges in consumer prices – otherwise described as big levies of inflation taxation – have brought in their wake episodes of monetary normalization. These have usually featured a “return to gold” or at least to monetary rules associated with the gold standard. The 2021-2 surge will likely prove […]