Bitcoin

It has been said that economists have predicted “nine of the last five recessions,” or words to that effect, suggesting that the “dismal science” can’t be trusted.

Bitcoin has been on a wild ride, rocketing from $1,000 to nearly $20,000 last year. 

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.

If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But worry…

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.

Bitcoin has seen remarkable success over the past year. More and more people have been using it, and more and more businesses have become willing to accept it as a…

The only way to permanently rid a society of a ‘gap’ in either wealth or income is by making everybody equally poor. If nobody has any more wealth than anybody else, then nobody can be ‘wealthy.’

If the Fed further destabilizes the economy, the dollar will probably further decline, as who will want to buy dollars to invest in a declining economy only continuously threatened with even higher tax and regulatory burdens?