Tag Archive for: money

Ep 46 – Glen Whitman and James Dow: Economics of the Undead

Economics of the Undead

What should you pack for the zombie apocalypse? Are vampires the best immortal investors? What would be money in a zombie pandemic?In the last installment of our Zombie Month series, we welcome James Dow and Glen Whitman onto the Gold Exchange Podcast. James and Glen are professors of finance and economics at CSUN, and edited […]

The Knockout Blow to Crypto

UFC Bitcoin vs Gold Cartoon

Listen to the audio version of this article here A New Type of Fighter Bonus The UFC has started paying fan bonuses to its fighters in Bitcoin. The UFC buys crypto at a fixed dollar amount and pays their fighters a bonus in cryptocurrency. As someone who loves the UFC and monetary economics, I wanted […]

Bitcoin Volatility is a Feature, Not a Bug

Bitcoin Volatility

The following is not a prediction for bitcoin’s price in 2022. We don’t know what the price will be in the short term, and neither does anyone else. It is a look at the economics of bitcoin. First off, bitcoin is not a Ponzi scheme. A Ponzi is a fraud, in which the sponsor promises […]

Ep 33 – Legal Tender, Alternative Currencies, and the Federal Reserve with Larry Hilton

Larry Hilton

In this episode, Monetary Metals’ CEO Keith Weiner interviews President of United Precious Metals Association (UPMA) Larry Hilton. Larry was instrumental in passing various legal tender laws across the country and is an expert on using alternative currencies. Together with UPMA, he is working on getting sound money to become a viable and profitable alternative to […]

Episode 8: Why The Dollar Isn’t Money – PART 2

header-dollar-part2

In a prior episode, we introduced the distinction between money and fiat currency, discussing what gives the dollar – or any fiat currency – its value. Now, we continue that conversation discussing additional characteristics of money, and illustrate how a false definition of money can lead to a corrupt state that wields blank checks. In […]

Bitcoin Myths, Report 27 Oct

Keith gave a keynote address—the only speaker with an hour to cover his topic—at the Gold and Alternative Investments Conference in Sydney on Saturday. Said topic was the nature of money. “Money is a matter of functions four: a medium, a measure, a standard, a store.” Most of the talk was structured around discussing these […]

Motte and Bailey Fallacy, Report 13 Oct

This week, we will delve into something really abstract. Not like monetary economics, which is so simple even a caveman can do it. A Clever Ruse We refer to a clever rhetorical trick. It’s when someone makes a broad and important assertion, in very general terms. But when challenged, the assertion is switched for one […]

The Elephant in the Gold Room, Report 16 June

We will start this off with a pet peeve. Too often, one is reading something about gold. It starts off well enough, discussing problems with the dollar or the bond market or a real estate bubble… and them bam! Buy gold because the dollar is gonna be worthless! That number again is 1-800-BUY-GOLD or we […]

Monetary Innovation in the Ancient World

We think we are the only generation to be smart. In the 19th century, they did not have the internal combustion engine. In the 18th century, they did not have the railroad. In the 17th century, they did not have the piano. So, most people assume, they were dumb. They did not know about smart […]

Modern Monetary Theory: A Cargo Cult, Report 20 Jan 2019

Newly elected Representative Alexandria Ocasio-Cortez recently said that Modern Monetary Theory (MMT) absolutely needed to be “a larger part of our conversation.” Her comment shines a spotlight on MMT. So what is it? According to Wikipedia, it is: “a macroeconomic theory that describes the currency as a public monopoly and unemployment as the evidence that […]