Parallel currencies as an alternative – Karl Reichmuth

20. November 2017

The Friedrich A. von Hayek Society and the European Center for Austrian Economics Foundation hosted an expert conference on parallel currencies in Düsseldorf on Nov. 15, 2017. Presentations and discussions examined whether relevant blockchain applications and cryptocurrencies such as Bitcoin already constitute denationalized money in the sense of the private alternative currencies, as envisioned by Friedrich August von Hayek, what further developments are on the horizon and what opportunities this new kind of money, which is independent of central banks, can offer in the future. Can the dangers of inflation of fiat money curtailed by these currencies? What can you do today to be prepared for tomorrow’s monetary landscape? What are the dangers you need to look out for?

Mehr Kredite erteilt als Geldeinlagen erhalten - Bankenkrise

Banking crisis: More loans granted than cash deposits received

Once again, a banking crisis is raging – in the US, at CS Switzerland – and clients are emptying their accounts. They fled to other banks, or away from banks altogether and into cash. Since banks are lending more money than they have in deposits, they are all poorly financed. An individual bank is a risk, but all banks as a whole are a systemic risk. The flight of customers away […]

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