All Entries in the "Economics" Category
Bitcoin arrives on the property scene
By REBECCA THISTLETON, Financial Review It hasn’t moved in next door, but it’s checking out the neighbourhood: online currency Bitcoin has arrived on the property market scene. In Melbourne, buyer’s agent Paul Osborne has started accepting payments in the currency. “I see potential for Bitcoins to be used in house sales, but only when it [...]
The Bitcoin Money Myth
by Frank Shostak, Mises.org, April 18, 2013 Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass central-bank and government supervision. The latest development is the emergence of a new electronic means of exchange, Bitcoin (BTC). Bitcoin was launched on January 3, [...]
Ron Paul Isn’t Worried About Falling Gold Prices
By David Weigel, Slate, April 18, 2013 It was the steepest two-day decline in gold prices in 33 years, a 13 percent fall in two days of trading. After years of surging value, of investors hedging against inflation, there was a sudden sell-off that might have been a reaction to… well, to inflation not actually increasing. Over at Business [...]
Need Bitcoins? This ATM takes dollars and funds your account
New Hampshire entrepreneurs have created a dollar-converting anonymous Bitcoin ATM, which they hope to sell to bars, restaurants, and other retail locations nationwide. by Declan McCullagh February 23, 2013 NASHUA, N.H. — Zach Harvey has an ambitious plan to accelerate adoption of the Internet’s favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs [...]
New Libertarian Manifesto – Samuel Edward Konkin III
New Libertarian Manifesto by Samuel Edward Konkin III Koman Publishing, 1983 Dedication to Chris R. Tame who told me, “Don’t get it right, get it written!” Acknowledgments above all to • Ludwig Von Mises, • Murray N. Rothbard, • Robert LeFevre, • and their sources. 1. st Printing by Anarchosamisdat Press – October 1980 2. [...]
Rob Neuwirth, The 21st-century Medieval City
For his talk “The 21st-century Medieval City,” Robert Neuwirth took an overflow audience to “the cities of tomorrow,” the developing-world shanty-towns where a billion people live now, and three billion (a third of humanity) are expected to be living by 2050. With vivid stories and slides (shown for the first time publicly), Neuwirth detailed how life [...]
Robert Neuwirth: Free Markets vs. Flea Markets
Robert Neuwirth tells us about life in the informal economy, what French culture classifies as System D. 1.8 billion people on the planet subsist through economic transactions that happen outside legal spheres and, by 2020, two thirds of our planet will be doing business in this domain. The future is the free market vs. the [...]
Robert Neuwirth: The power of the informal economy
Robert Neuwirth spent four years among the chaotic stalls of street markets, talking to pushcart hawkers and gray marketers, to study the remarkable “System D,” the world’s unlicensed economic network. Responsible for some 1.8 billion jobs, it’s an economy of underappreciated power and scope.
Developer Pitches Charter City on Island Near Detroit
BY LOUIS AGUILAR THE DETROIT NEWS Detroit — As the broken city thinks big and radically about its future, a developer is stepping forward with a revolutionary idea: Sell the city’s Belle Isle park for $1 billion to private investors who will transform it into a free-market utopia. The 982-acre island would then be developed into a [...]
Book Recommendation: A Catechism of Anarchy
by James Tuttle, Center for a Stateless Society This lost classic was first published anonymously in 1902 by the Social Science Club of Philadelphia, whose members included Voltairine de Cleyre, Mary Hansen, Natasha Notkin, and other Mutualists, Individualists, and Communists from the Philadelphia social movement. The “Catechism,” drafted by Hansen and finished by the Club [...]
Postal Service Reports Loss Of $15 Billion
By RON NIXON, New York Times, Published: November 15, 2012 WASHINGTON — The Postal Service on Thursday reported a record $15.9 billion net loss for the fiscal year that ended Sept. 30, bringing the financially troubled agency another step closer to insolvency. The widely expected loss, more than triple the service’s loss last year, included accounting expenses [...]
Bitcoin Black Friday Quickly Approaching! FRIDAY, NOV 9th 2012!
HOT NEWS FLASH FROM THE TELEGRAPH: The first ever Bitcoin Friday is quickly approaching . What is Bitcoin Friday you ask? Bitcoin Friday is an event to celebrate the Bitcoin economy and the consumers that hold it up. This November 9th, 2012 the Bitcoin stores on this site will hold massive sales on merchandise avaliable for [...]
Statistics and damn statistics
The kool-aide in the unemployement numbers going down is wrong. Don’t drink the kool-aide. Follow the entire BLS report: U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor [...]
