Essays – Page 67 – CLibertyC

Book Review: Damn Right! Biography of Charlie Munger

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"There are huge advantages for an individual to get into a position where you make a few great investments and just sit back and wait: You’re paying less to brokers. You’re listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded. And you think that most of you are going to get that much advantage by hiring investment counselors and paying them 1% to run around, incurring a lot of taxes on your behalf? Lots of luck." Continue reading →

My History With the Infinite Banking Concept (IBC)

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"In this article, I will summarize Nelson Nash’s Infinite Banking Concept (IBC) for the novice, but I will do so in the context of my own experience in learning about it. Thus this article serves several purposes. First, I hope it clarifies for Austrian / libertarian readers why I became so interested in the economics of life insurance. Yet I also hope it further explains to people already in the IBC community why I think the IBC Practitioner’s Program is such an important component in bringing this message to a wider audience. Finally, it will hopefully prove useful as a general introduction to IBC for any reader, told in the style of 'one guy’s journey.'" Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →

Robert P. Murphy: The Economics of Bitcoin

Post author:The Freedom Watch Staff
Post published:July 7, 2013
Post category:Network Archives

"Some critics (who are often proponents of hard money such as gold) object that Bitcoin is in a perpetual 'bubble' because it has no 'intrinsic value.' Yet these critics often seem to overlook just how much the exchange value of gold and silver is (and was) due to their use as media of exchange. Thus, if Bitcoin is currently in a bubble, then, by the same token, gold bullion in the year 1900 (say) was also in a massive bubble because it was trading for a far higher exchange value than could be explained merely by its industrial and ornamental uses." Continue reading →