Category: Austrian economics

Delingpole on Friday: My Litecoin Hell: or Why the Geeks will Inherit the Earth

This is the story of how I lost £100,000. Or £250,000. Or £1,000,000. Or God only knows the way Bitcoin and Litecoin are behaving at the moment. But whatever: I wanted to buy into Bitcoin and Litecoin much earlier than I managed and had I done so, I would have been able to buy a

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RGTyler: Bitcoin will never replace Gold

Call me old fashioned but I’m still not convinced by this Bitcoin thing. I will admit now that I was an early adopter, back in 2009, but quickly realised that it had no value and that I couldn’t spent it anywhere. And boy do I wish I hadn’t got rid of them. Simply because I

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James Hickling: UK Recovery Built on Sand.

Happy economic days are here again. At least, that’s the current mainstream press narrative: the UK economy is sailing back to health, with unemployment falling, house prices rising, services expanding and even manufacturing joining the party. What’s not to like? Well, you don’t read crazy malcontent websites like Bogpaper for validation of such happy talk

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The Austrian Way: Poll results to shock you into action

Crazies like us Bogpaper-liberty-obsessives might have worried for a while about the widespread beliefs across our nation that more of the State is the solution to society and the economy’s problems. Five years on from the Credit Crunch, amidst high energy prices and continuing dissatisfaction, we’ve just had some shocking evidence delivered to us about

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The Austrian Way: The matter of high energy prices

Energy companies in the UK have just been putting through their latest ‘evil’ price hikes, causing the most almighty furore. The carry on has been so enormous, you’d think some ethnic cleansing or the like had being going on. What is most painful about this whole episode – for us soon-to-be-institutionalised-Bogpaperites at least – is

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The Austrian Way: The epic battle between the internet and fiat

As Austro-libertarian nut-jobs we at Bogpaper salivate like dogs in a butcher’s shop when we see new forms of money emerging in the market for our savings and capital. Obviously we’re untrusting of state imposed monetary systems and think legal tenders laws are ridiculous. We don’t think monetary affairs can be run well when they’re

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J Hickling: Bitcoin in the Crosshairs

One little-talked about aspect of Edward Snowden’s revelations are the implications for Bitcoin and other crypto currencies. Not surprising, perhaps. Aside from a few techies and young, alt-finance types, few people have heard of Bitcoin – let alone the other digital currencies that have sprung into existence in recent years. For those active in Bitcoin

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The Austrian Way: Is this the best account of the financial mess we’re in?

Many of us here at Bogpaper towers and many of you good readers have arrived at a (hopefully considered) structurally bearish view of the financial system after years of thinking, reading and enquiry. We know it’s all about money and banking and that today’s greatest ever experiment in fiat money, hyperactive central banking and state

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The Austrian Way: When will the financial system collapse upon itself?

Those of an Austrian economic mindset find the construction of today’s financial system unfit for purpose, flawed and guaranteed to eventual failure. You know, all that fiat money stuff, bubble economics, 30 times leveraged investment banks, global debt proliferation, proto-Keynesian print-print-and-hope economic management et cetera. If you’re thinking this way, you’ll likely see the thing

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RGTyler: Why I’m an Austrian.

For the last couple of weeks I have been banging on about the same topics over and over again. And frankly I’m quite bored of writing about Syria so I decided I would write about something else. I thought I might take some time to blog about how I actually came to have the Libertarian

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