Trouble Transacting with Bitcoin
One shortcoming of the bitcoin protocol is its limited transactions capacity. In the early stages of bitcoin’s development, Satoshi Nakamoto...
William J. Luther
What’s Wrong With Bitcoin’s Supply Mechanism?
The pseudonymous Satoshi Nakamoto recognized the problem with unconstrained fiat monies. A central bank can create as much fiat money...
Is Inflation Merely Catching Up?
Everyone is talking about inflation. And rightly so. The consumer price index (CPI) grew by 5.4 percent from June 2020...
Will Cash Soon Be Obsolete?
Calls for the US to adopt a central bank digital currency (CBDC) appear to be growing. China launched a digital...
Remembering Steve Horwitz
My friend Steve Horwitz passed away this week. Steve had courageously battled multiple myeloma for the last few years. In...
The Decentralization Fetish
There is a common view among bitcoin advocates, which also prevails to some extent among economists working in the Austrian...
