Cantillon Effect 2.0: Bitcoin Is The World’s First Truly Fair Money
This essay strives to explain the Cantillon Effect and how the natural unfairness of all previous monies have always created a world in which the privileged few could take advantage of the unprivileged many. We explore how bitcoin, as the world’s most fair money, alleviates the prevalence of the Cantillon Effect and creates a fairer, more equitable and prosperous world for all. What Is The Cantillon Effect? “The Cantillon Effect refers to the change in relative prices resulting from a change in money supply. The change in relative prices occurs because the change in money....
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Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article. How to protect yourself from the Cantillon effect?The simplest method to safeguard yourself against the unequal distribution of new money is to leave the monetary system completely. Only the oldest living generations can recall a time when money was more than a piece of paper backed by the government's and military's "full faith and credit." We are conditioned to conceive of money as a product of our government, yet avoiding the Cantillon effect necessitates looking at....
January is typically a slow month in the business world, with the festivities quieting down during the transition into a new year. Thus, I was quite surprised when I was invited to the World Money Fair in Berlin. This fair is a conference on money and precious metal of all shapes and sizes, except for digital currency, unfortunately. This conference was an ideal place where you could buy several things: It was quite fun to attend the Fair, although I was unable to find any gold and silver bullion traders from the Bitcoin community. Nevertheless, it wasn’t long before I broached the subject....
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Hester Street Fair located in the heart of the Lower East Side is the largest pushcart market in New York City. Now in its fifth season, the market is dotted with 60 to 90 small businesses selling anything from artisanal food to vintage clothing to handmade arts and crafts. Next weekend, like every other Sunday, the market will be up and buzzing, but with a twist in the tale. The entrance of Hester Street Fair in New York. Starting 15th June, more than 30 vendors at the Hester Street Fair will be trading their artisan goods for bitcoin every Sunday until the end of October. Over its....