10.2, Future Currency Changes

Conditions that make further depreciation of the currency and inflation in prices more likely than future appreciation of the currency and deflation in prices more likely. In the Depression of 1920-21, brought about by the rapid reorganization of the economy away from war production, there was serious deflation. Prices dropped through the floor. So did …

10.1, Currency changes social pathology and the state

That the value of the currency fluctuates with such volatility is a sign of the unnaturalness of its cause. No people left to voluntary choice would choose as currency something that depreciated or appreciated with such speed. Aside from that, it is not a mere speculative question of causes. Those causes should take note of …

Preserving Capital Near the State

One has to take note of the presence of the state and its addiction to taking by force. Then, one has to decide how to protect and preserve ones capital, and how to increase it through investment if investment is possible. Let us consider preservation first. Preservation has been made all the more difficult by …

On Money and Currency and Fear and Trembling

Money, the status achieved by a commodity so tradeable and widely valued that it is universally tradeable and acceptable as payment for anything because it can be offered for payment of anything. Whether anything achieves this status in any measure of time and space (history) is a matter of the particularities of that time and …