The electronic payments industry has revolutionized worldwide markets, making services like Amazon, Uber, Airbnb, and touch and pay systems possible. As the industry grows and innovates, consider the effects of this technology on the US economy.
In just eight years, Bitcoin and the idea of “virtual currency” have gained acceptance and use both online and in the physical world. Spread by word of mouth and other “viral” means, decentralized virtual currencies have gone from a mere thought experiment to a tangible economic reality.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News, speaks with Norbert Michel. Michel is a research fellow at the Heritage Foundation. Michel joins Hathaway to discuss Bitcoin, an innovative digital currency that’s growing in popularity.
In today’s edition of The Heartland Daily Podcast, Jesse Hathaway, managing editor of Budget & Tax News speaks with Andrew Heaton. Heaton is a stand-up comedian based out of New York city and star of the popular Youtube series “EconPop.” Heaton joins Hathaway to explain what the classic film “The Shawshank Redemption” can teach us about the creation of markets, voluntary exchange, and why you can’t make change for a cow or a goat.
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Heartland Institute policy advisor Jeffery Tucker. Tucker and Hathaway have a discussion about the history and future of Bitcoin, an alternative digital currency with which users can buy physical goods.
The carnival in Rio de Janeiro from February 13 through the 17th was one heck of a party. It was celebrated by the locals, plus an estimated one million visitors, complete with fabulous parades, street parties and balls. Brazil is blessed with some great beaches, the most famous of which is Ipanema, thanks to the 1962 bossa nova classic “Girl from Ipanema”.
Chris Casey, Managing Director at WindRock Wealth Management, sits down with the founder of Cryptohippie and author, Paul Rosenberg to talk about Bitcoin. Casey and Rosenberg answer all the most frequently asked question regarding the virtual currency.
For more than two hundred years, practically all of the leading advocates of individual liberty and free markets have assumed that money and banking were different from other types of goods and markets. From Adam Smith to Milton Friedman, the presumption has been that competitive markets and free consumer choice are far better than government control and planning – except in the realm of money and financial intermediation. They have been wrong on this important issue.
Ninety years ago, on November 15, 1923, the Great German Inflation came to an end when the monetary printing presses were finally shut down, and the economic havoc came to an end. Its lessons are worth remembering.
Think immoveable force meets immovable object. The core conundrum of stateless Bitcoin and other virtual currencies is how to somehow gain legal acceptance by sovereign states. The central idea behind[…]