This post is an excerpt of a far longer post that I am posting separately because of the length of the original post… For those who wish to understand inflation in the context of the past and present should read the original post in its entirety, The Economics Of Money, Credit, Capital And Labour – […]

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Tools are a gift from God; machines the Devil. ~ Nicolás Gómez Dávila This post will mirror some of my previous posts and will again compare two credit and accountancy ledger systems, the current and five centuries old fractional reserve banking and double-entry bookkeeping ledger system against the distributed and deflationary credit system and ledger network […]

Read more "The Economics Of Money, Credit, Capital And Labour: The Rise Of Bitcoin, The Fall Of The Machines"