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History of World Reserve Currencies: Part 4 - Spanish History and the Real 1535 - 1609

History of World Reserve Currencies: Part 4 - Spanish History and the Real 1535 - 1609

Original archived * Part 1: The Italian Renaissance Standard 1250-1535 * Part 2: The 14-15th Century Silver Shortage * Part 3: Why European Currencies Recap The Italian city-states began minting a standardized gold coin in 1252 to fill the monetary void for an international trade currency created by a debased Byzantine solidus and

Roman and Byzantine Interest Rates – The Byzantine Empire 395–1453 A.D.

Roman and Byzantine Interest Rates – The Byzantine Empire 395–1453 A.D.

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This

Bitcoin Does Not Need Fiat Inflation to Flourish

Bitcoin Does Not Need Fiat Inflation to Flourish

Original archived The prevailing wisdom in the bitcoin space is that bitcoin's success is dependent on inflation of fiat currencies. Not surprisingly this is the same argument that has been advanced by gold bugs for decades as they predicted that ongoing inflation would lead to higher gold prices.

Roman and Byzantine Interest Rates - The Roman Empire 27 B.C. – 476 A.D.

Roman and Byzantine Interest Rates - The Roman Empire 27 B.C. – 476 A.D.

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This

Money Printer Go Brrr... Well, Not Exactly

Money Printer Go Brrr... Well, Not Exactly

Original archived Money printer go brrr is a beautiful meme. It encapsulates years of study of money into something so easy to comprehend even the masses can get it. There's just one problem; it's wrong. We know what money is. It's simple enough, it

Shortcomings of Modern Monetary Theory (MMT)

Shortcomings of Modern Monetary Theory (MMT)

Original archived MMT is the new flavor-of-the-month in monetary economics. It is a big departure from both mainstream and Austrian economics, but is not new. It is a collection of several old ideas from as far back as the mid-nineteenth century, cleverly wrapped in a modern treatment. MMT's

Roman and Byzantine Interest Rates - The Roman Republic 500 B.C. to 27 B.C.

Roman and Byzantine Interest Rates - The Roman Republic 500 B.C. to 27 B.C.

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize with