How Have the Mighty Fallen
The current COVID-19-inspired crisis has yielded a golden opportunity to take a scientific look at underlying social forces. (By scientific, I refer here not to
In the system we have now, we do use both a reserve restriction and an asset restriction. But, the modern reserve restriction has changed fundamentally,
In a comment posted under an article by my friend Jerry Bowyer (Where’s the Hyperinflation?), “ps61penn62prin64” writes that “private currency monetary systems… are doomed to