Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is ...

Money is something that most of us take for granted, as we use it daily to buy goods and services. We constantly transact in money, think in money and strive to earn more of it. However, few genuinely ...

As society’s structure and organization became more complex over time, the need for an evolving monetary system arose from the limitations of barter. Barter is not suitable as a means to exchange ...

Such volatile moves, they will argue, make it impossible for cryptocurrencies to serve what traditional economics describes as the three functions of money: i) a medium of exchange, ii) a store of ...