Fiat Lux: The Origins of Modern Money

Author’s note: This article was originally written by Heavily Armed Clown and published on medium in the Spring of 2021 (and then also published in Bitcoin Magazine), but it was a compilation of a lot…

#76 Base Layer Settlement

An important distinction we like to make, which I feel is often lost in confusion these days, is that the differences between a currency and money is mostly semantics. Allow me to explain… The historical…

#75 The Asymmetry of Risk & Reward

It seems to be commonly misunderstood today, the relationship between risk and profit for the entrepreneur and the vital role the accumulation of capital plays in a free and fair society. An entrepreneur (or at…

#73 Income Inequality and Inflation

It can be confusing to some, to understand the interactions between income and the soundness of money. Of course, the politically popular answer to income inequality under expansionary monetary policy is destructive minimum wage regulation….

#72 The Panic of 1819

In our post of The Panic of 1837 I briefly touched on how the Panic of 1819 led to a revival in Jeffersonian economic thinking. The Panic of 1819 was the first widespread financial crisis…

#71 The Student Debt Bubble

There is a growing chorus in America, especially among the youth, for an outright cancellation of outstanding student loan debts and a total subsidization of all secondary education at the federal level. After all, costs…

#70 The Panic of 1837

In a continuation of our panic series today we will cover the Panic of 1837, but to do so requires rewinding clock back to the aftermath of the Panic of 1819. Again, I will draw…