value

Carl Menger: The Nature and Origin of Money

In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. **The following essay was written …

Carl Menger: The Nature and Origin of Money Read More »

Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as …

Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears Read More »