Voluntary Exchange Sources

On this Constitution Day, 2021, I again write about the crucial importance of the Preamble to the proper interpretation of the U.S. Constitution. If this nation is to remain politically intact and economically vibrant, it must concede the importance of that opening sentence and especially...

Editor’s Note: The following excerpt is adapted from The Gold Standard: Retrospect and Prospect edited by Peter C. Earle and William J. Luther. One shortcoming of the bitcoin protocol is its limited transactions capacity. In the early stages of bitcoin’s development, Satoshi Nakamoto imposed a block...