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This article examines the relationship between credit and its anchor in value. Today, that anchor is fiat currency, which is both parochial and unstable. Historically, and in law it has always been gold. It is a common error to think of credit in a narrow sense, without realising that officially r...
While the world's largest cryptocurrency failure is in its early stage of bankruptcy, the FTX collapse is more complex than just extraordinary, remarkable wads of money, as they are accompanied by the mystique of an alleged Boy Genius who was a billionaire (not) by the time he was 30 years old. It ...
