Bitcoin history: US dollar parity on 9 February 2011
Wednesday, 9 February 2011 by Mike Gogulskieconomics, technology | 2 Comments »
Today is a day of awesome. Bitcoin, the peer-to-peer, pseudonymous cryptocurrency, has reached market parity with the US dollar for the first time. Exchange rate graph from the largest Bitcoin exchanger, Mt Gox (click to enlarge): [caption id="attachment_4045" align="aligncenter" width="480" caption="Parity party! ...
Nigeria gets a new flag
Thursday, 9 December 2010 by Mike Gogulskieconomics | 1 Comment »
Following revelations today from Wikileaks that the Nigerian government has been totally 0wn3d by Royal Dutch Shell, Nigerian President Goodluck Johnathan unveiled a new flag for the constitutional republic and its 153 million people.
Who wants to be a trillionaire?
Wednesday, 25 November 2009 by Mike Gogulskieconomics | 2 Comments »
Over at my Big Banknotes web shop, today I've added the one hundred trillion Zimbabwe dollars note for sale -- while supplies last! [caption id="attachment_3463" align="aligncenter" width="480" caption="One hundred trillion Zimbabwe dollars (uncirculated) - a real steal at $6.99!"][/caption] Several 1993-series Yugoslav ...
Black markets vs. free markets
Friday, 20 November 2009 by Mike Gogulskieconomics, philosophy | 7 Comments »
On a private mailing list, someone asked: Aren't Black Markets and Free Markets mutually Exclusive? Free markets don't exist in any real sense anywhere today. State prohibitions, subsidies, taxes, regulation, privilege and the rest make them impossible on any substantial scale. "Black market" ...
The logic of the day
Friday, 18 September 2009 by Mike Gogulskieconomics | 5 Comments »
Translated from Martin Rojko's Súkromné vlastníctvo blog: If the pressure of new money can cause growth in the economy, why not then pump it in massively, and evoke tremendous economic growth? By doing so, the central banks could long ago have ...
Five hundred billion dinars. Do you have change for this?
Tuesday, 25 August 2009 by Mike Gogulskieconomics | 18 Comments »
UPDATE: This is now for sale, along with others, at my new site, Big Banknotes. Five hundred billion dinars. Yugoslavia, 1993. [caption id="attachment_2974" align="aligncenter" width="491" caption="Five hundred billion dinars - Yugoslavia 1993 XF/EF - Click image for full-size scan"][/caption] This note once held ...
Insurance in an un-free market
Monday, 17 August 2009 by Mike Gogulskieconomics, history | 7 Comments »
How many insurance products are you paying for? How much do you pay? What do you really get for all that? Is it a good deal? For American families, the list of insurance types they subscribe to includes most of ...
Medical Insurance that Worked — Until Government “Fixed” It
Wednesday, 22 July 2009 by Mike Gogulskiactivism, economics | 2 Comments »
Originally posted by Darian Worden at Fr33 Agents Social (join now!): Roderick Long wrote a great article on how mutual aid groups enabled low-income people to provide for each others' health care needs until government shut the system down. In the ...
Smokers thwarting the tax man one carton at a time
Monday, 22 June 2009 by Mike Gogulskieconomics | 2 Comments »
Huh, I just noticed yesterday that one of the ads running on my site from text-link-ads.com is for cheap cigarettes. EzSmoke.net claims to be selling major brand cigarettes at damned cheap prices by most places' standards. Ownership in Dominica, operating company ...
A question for social democrats and democratic socialists
Sunday, 7 June 2009 by Mike Gogulskieconomics, mind control, people | 7 Comments »
Since it seems you believe that the privileged state apparatus is necessary to human well-being and progress, and that you must therefore also support the paying of taxes and pay them yourselves, why not pay more? Why assume that the amount ...
