Money only works if people accept it. This idea sits right beside the stock-to-flow ratio when we talk about what makes a monetary good strong. The more people accept a form of money, the more...
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Money has always survived or failed based on one simple truth: the harder it is to create, the more people trust it. When a natural, political, or technological change makes a money supply easy to...
Carl Menger, founder of the Austrian school of economics and the father of marginal analysis, studied how people make choices in real markets. From this, he discovered the main trait that allows a...
Bitcoin is a new kind of money built for the digital age. It solves one of humanity’s oldest problems: how to move value across both time and space. To understand why Bitcoin matters today,...
As human technology advanced, our ability to produce goods improved. Metal production also grew, and many metals began to appear in large enough quantities to become useful as money. These metals...
The idea of digital cash seems obvious today, but before Bitcoin, it was nearly impossible. Every form of electronic payment had to go through a trusted intermediary. Cash worked without trust,...