September 2024

Kjedebrev September 2024

Mastercard enables non-custodial crypto spending in new partnership, Cointelegraph, 2024-09-05

"Web sites are designed to keep young people from using the keyboard, except to enter in their parents' credit card information."
― Douglas Rushkoff

Bitcoin's Potential Rally Amid U.S. Dollar Weakness, Bitcoin Magazine, 2024-09-06

"Thanks to the central bank, most "monetary experts" and "leading macro-economists" can, by putting them on the payroll, be turned into government propagandists "explaining," like alchemists, how stones (paper) can be turned into bread (wealth)."
― Hans-Hermann Hoppe

Digital RMB transaction volumes hit $56 billion for one month, Ledger Insights, 23024-09-06

"Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy."
—Nathan Myhrvold

Branko  Milanović: The third framing, Global Inequality and More 3.0, 2024-09-09

“Inequality is corrosive. It rots societies from within.”
― Tony Judt (1948-2010)

Indrajit Samarajiva: How The Romans Dealt With Inflation, indi.ca, 2024-09-10

"Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation."
― Murray N. Rothbard (1926-1995)

Richard Denniss: Tech billionaire Elon Musk is on track to become the world’s first trillionaire. It’s a sign markets aren’t working, the Conversation, 2024-09-11

“The thirst for power and possessions knows no limits. In this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenceless before the interests of a deified market.”
― Pope Francis

William Pesek: Why ‘King Dollar’ could scoff at Fed rate cuts, Asia Times, 2024-09-16

“this thing is a pyramid, since time immemorial. Shit runs downhill, money goes up. It’s that simple.”
—Antonio Soprano

BRICS and De-dollarization: An Alternative or Potential Disaster?, InfoBRICS, 2024-09-20

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."
― Ernest Hemingway (1899-1961)

Communist banking, Delancey Place, 2024-09-24

"The best way to destroy the capitalist system was to debauch the currency"
― Vladimir Ilich Lenin (1870-1924)

Reuven Brenner: Monetary policy remedies have gone awry, Asia Times, 2024-09-27

“Imagining that central banks can “prevent,” “combat,” or “manage” recessions is as fanciful and misguided as placing pyromaniacs and arsonists in charge of the fire brigade”
—Saifedean Ammous

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