Schiff was Right and Wrong

It is apparent that some who advocate for the Austrian School of Economic Theory haven’t quite grasped the basics tenants of Austrianism. One of the basic tenants is the Mengarian theory of subjective value. One of those advocates is none other than Peter Schiff. Advertisements

Bitcoin and Money

The debate over whether Bitcoin is a money or not has cooled down quite a bit. But it’s still worth understanding what all the fuss was about. To do that, we first need to understand what constitutes a money.