Bitcoin and the Regression Theorem of Money by @VoluntaryistR #mises #austrianeconomics

Now I have already referred to the Regression Theorem of Money and its crucial place in a debate about the question of Bitcoin as money. Before getting onto that latter question, I will explain the Regression Theorem and its purpose. The Regression Theorem, as developed by the economist Ludwig von Mises , solves a particular problem in understanding the emergence of money. Because the demand for money comes from one’s ability to use it in trade for other goods, i.e. from its exchange value, and because this exchange value is in turn based on people’s willingness to accept it in exchange for goods, i.e. on its demand, we are met with an infinite regress if we simply attribute demand to exchange value, and exchange value to demand. Now, we can see in real life that these two things are based on one another in an economy where money operates, but the question is: how could th...

Full article: http://voluntaryistreader.wordpress.com/2012/12/07/bitcoi...

Tweets

#Bitcoin (Motivational) - Money secured by the ...

imgur.com 03 Mar '13, 8pm

Imgur is used to share photos with social networks and online communities, and has the funniest pictures from all over the...

Bitcoin – the future of money?

vccircle.com 11 Mar '13, 11am

Bitcoin is a massively disruptive innovation. The key is in the first sentence of the definition above – Bitcoin bypasses ...

Bitcoin – the future of money?

Bitcoin – the future of money?

theequitykicker.com 08 Mar '13, 12pm

Bitcoin – the future of money? I’ve been watching the progress of Bitcoin with increasing interest for a year or two now a...

You have #Bitcoin ? Come and see the most excit...

twitter.yfrog.com 02 Mar '13, 5am

yfrog Join the Conversation Share photos and videos on Twitter. Find Us Facebook Twitter yfrog Blog Advertising FAQ API Co...

Is Bitcoin Money?

huffingtonpost.com 14 Mar '13, 9pm

Privacy is an age of universal email collection and spying, with millions of CCTV camera's, and warrantless spying pervasi...

Listen to #Bob Hardcastle’s Money Talk Sundays at 8am, here or past podcasts here

Listen to #Bob Hardcastle’s Money Talk Sundays ...

moneytalk.org 02 Mar '13, 9pm

Money Talk currently airs live on KTRS 550 AM in St. Louis, Missouri from 8:00 to 9:00 a.m. every Sunday morning. Money Ta...

Namecheap now officially accepts Bitcoin

namecheap.com 05 Mar '13, 4am

We're delighted to inform you that we now accept the Bitcoin payment method, in addition to PayPal, Google CheckOut, Visa,...

Namecheap

namecheap.com 05 Mar '13, 3am

We're delighted to inform you that we now accept the Bitcoin payment method, in addition to PayPal, Google CheckOut, Visa,...

probably

probably

bestoked.blogspot.com 03 Mar '13, 5am

Bitcoin is something you should learn about. Think it's just for nerds? Keep in mind, nerds created that thing called Face...

Boycott Bitcoin! #bitcoin

dailyreckoning.com.au 04 Mar '13, 6am

Comment by slewie the pi-rat on 5 March 2013 : very thought-provoking. but, i don't even understand the US laws about mone...

Namecheap Latest to Accept Bitcoin #bitcoin

Namecheap Latest to Accept Bitcoin #bitcoin

bitcoinmagazine.com 05 Mar '13, 11pm

Just like WordPress, Namecheap’s reasons for accepting Bitcoin are primarily political in nature. As Namecheap community m...

Good or bad news for Bitcoin?

marginalrevolution.com 03 Mar '13, 12pm

After hitting bottom at $1.994 in November [2011], however, Bitcoin simply refused to die. The price bounced back to a hig...

What is Bitcoin? - We Use Coins via @sharethis

weusecoins.com 02 Mar '13, 10am

Twitter News more... Get Started » Learn more » Secure Strong cryptography Bitcoin verifies transactions with the same sta...