Bitcoin debate: It’s a bubble! No, it’s not, it cannot be a bubble!

Bitcoin debate: It’s a bubble! No, it’s not, it cannot be a bubble!

By Mike “Mish” Shedlock The bitcoin debate goes on and on. Some claim it’s a bubble. Others say it isn’t. Still others say it can never be a bubble. Very Definition of a Bubble On November 2, Credit Suisse CEO, Tidjane Thiam jumped on the bubble bandwagon with this statement: Bitcoin Is the ‘Very Definition’ of […]

Free Beacon Special Report: It’s legal to buy things in America with money

Free Beacon Special Report: It’s legal to buy things in America with money

Washington Free Beacon Staff A stunning report from CBS last week revealed that it’s legal in the United States to purchase an AR-15 rifle with money after passing a background check. On the tail of this shocking revelation, the Washington Free Beacon dug further and discovered there are other things that can be purchased with legal tender […]

The continuing demonization of cash

The continuing demonization of cash

By Paul-Martin Foss / Mises Daily The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. In a normal market economy, businesses would welcome taking cash. […]

Why gold-backed money doesn’t bring booms and busts

Why gold-backed money doesn’t bring booms and busts

By Frank Shostak / Mises Daily According to popular thinking, not every increase in the supply of money will have an effect on economic activity. For instance, if an increase in supply is matched by a corresponding increase in the demand for money, we are told, then there won’t be any effect on the economy. […]

Bill Tatro: I am entitled!!

Bill Tatro: I am entitled!!

By Bill Tatro Most are familiar with the Participation Rate as reported by the Bureau of Labor Statistics (BLS) and its continual decline. Much has been made, pro and con, about this number. Some say it underestimates the situation and others that it exaggerates the situation. It points out the lack of jobs or it […]

Where’s all the (fake) money?

Where’s all the (fake) money?

By Philippe Gastonne / The Daily Bell Is cash still king? Based on data from the Federal Reserve Board, you might think so. The Fed routinely tracks M1, which covers cash plus checking deposits. In March, the cash component of M1 had a face value of $1.3 trillion, a record high. About $1 trillion of […]