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All great commercial advances begin with surges of investment that the simple in thought naïvely deride as “bubbles”, followed by “bust”. In 2022, after frenzied investing in the years prior, the “bust” finally came for cryptocurrencies.
Such is the basis for John Tamny’s confident assertion in The money Confusion that the future of money is at our doorstep. The crypto collapse of 2022 was paradoxically the signal that it will replace traditional forms of money sooner than most think.
money, Tamny argues, is a natural market phenomenon and one that asserts itself even in a world of government-issued paper. While economists and pundits hide behind charts, equations and supercilious commentary about the so-called “money supply,” Tamny provides familiar examples from the real-world to expose this mysticism as modern-day phrenology.
He makes plain throughout a book that rejects nearly all conventional wisdom about money that a focus on “money supply” is the surest sign of a thought process hopelessly off course. In truth, trusted money in circulation is a natural consequence of commerce, not the instigator as economists imagine.
ASIN : B0BJ2NVN46
Publisher : All Seasons Press (October 18, 2022)
Publication date : October 18, 2022
Language : English
File size : 2396 KB
Simultaneous device usage : Unlimited
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Sticky notes : On Kindle Scribe
Print length : 155 pages