"This brings us to our fourth principle behind PoS, which is that **PoS relies on subjective truth**. There is simply no objective way to...
"As detailed in Saifedean Ammous’s “The Fiat Standard,” in November 1914 the British government “issued the first war bond, aiming to raise 350 million...
"deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect...