Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post.The Term: Money
What it Means: In economics, money is a broad term that refers to any financial instrument that can fulfill the functions of money (more on that in a moment). Continue Reading...
“If a society regards governmental manipulation of money as the antidote to economic challenges,” writes Acton research director Samuel Gregg at Public Discourse, “a type of poison will work its way through the body politic, undermining justice and the common good.” Continue Reading...
Joe has done us all a real service in putting together his three part (1, 2, 3) primer on Bitcoin (full PDF here).
I am curious, though, what the justification is for referring to Bitcoin as a “commodity” currency. Continue Reading...