Georg Knapp News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

That the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient, price inflation will almost certainly lead to rising interest rates. Rising bond yields, falling equity markets and debt-triggered insolvencies will naturally follow. According to the economists prevalent in official circles, a prospective mix of so-called deflation and rising prices are contradictory, should not happen at the same time, and there...

Par Jörg Guido Hülsmann. Comme nous l’avons vu ici et là, Ludwig von Mises a réfléchi sur la nature de la monnaie. Premièrement, il a commencé par hiérarchiser ses fonctions (à savoir : moyen d’échange, réserve de valeur, et unité de compte). Deuxièmement, il a clairement distingué la monnaie et les « substituts monétaires ». Troisièmement, il a établi qu’on ne pouvait pas quantifier ou chiffrer la satisfaction et attribuer une valeur constante à la monnaie. Mises a ...

Why the Future Money Is Gold and Silver A reminder why they always will be sound money and why bitcoin cannot fill that role With bitcoin’s price still rising and expected to rise even more, there has been a growing belief in cryptocurrency circles that it will replace unbacked government currencies when they eventually fail. The assumptions behind this conclusion are naïve, exposing hardly any knowledge in what qualities are needed for sound money. This article agrees that current events ar...