In economic terms, when people talk about a store of value, they’re talking about an economic good that retains its exchangeable market value in the short-run and the long-run. All value is individually subjective so exchangeable market value is the assumption that consumers and producers in the aggregate feel confident that there will be a …
Category Archives: Crypto
Animal “Rights”
The topic of Animal “Rights” attracts so much attention because it’s so asinine like a flat earth, man killing the planet or gender fluidity. It’s twenty-first century “civilized” society that more aptly resembles an insane asylum or a pre-school. Rights require consent, so how do you get consent from an animal? You can’t, it’s impossible …
The Economics of Bitcoin
By Don Cooper What is a real economic good? Simply put, a real economic good is anything that is naturally scarce and in demand. Scarcity implies that you cannot get all of the good that you want freely from nature and there is nothing anyone can do to change that, therefore someone must employ resources …