Bitcoin Prevents Monetary Tyranny

forbes.com 04 Oct '12, 3pm

Bitcoin Prevents Monetary Tyranny

But you see Jon, transaction COSTs are not the same thing as transaction FEEs. The latter is only a subset of the former. Transaction costs also include any obstacle the state puts in place to prevent free trade. Carl Menger realised this 140 years ago in Principles of Economics: But it is not easy to find an actual case in which an exchange operation can be performed without any economic sacrifices at all, even if they are confined only to the loss of time. Freight costs, loading charges, tolls, excise taxes, premiums for marine and other insurance, costs of correspondence, commissions and other sales costs, brokerage charges, weighages, packaging costs, storage charges, the entire cost of the commercial banking system, even the expenses of traders and all their employees, etc., are nothing but the various economic sacrifices which are required for the conduct of exchange...

Full article: http://www.forbes.com/sites/jonmatonis/2012/10/04/bitcoin...

Tweets

@JayArhSr » 27 Oct '12, 10am
Here's a good read [link]
@jonmatonis » 25 Oct '12, 1pm
@GregMannarino Bitcoin (BYOCB) Prevents Monetary Tyranny [link]
@jonmatonis » 25 Oct '12, 8am
The Strange Case of Bernard von NotHaus and How Bitcoin Prevents Monetary Tyranny [link]
@cristoperb » 21 Oct '12, 1pm
Bitcoin Prevents Monetary Tyranny [link] #cryptoanarchy
@koekebakker » 14 Oct '12, 8pm
@Gertzz Ik denk dat dit artikel je wel moet aanspreken: "Bitcoin Prevents Monetary Tyranny" [link] #bitcoin
@jonmatonis » 14 Oct '12, 6am
@tomstandage @majohns Bitcoin Prevents Monetary Tyranny [link] (I'd be happy to participate in your next hangout!)
@KeyBumpKid » 13 Oct '12, 6pm
Viva Bitcoin Bitcoin Prevents Monetary Tyranny - Forbes [link]
@jonmatonis » 13 Oct '12, 5pm
@adamkokesh Bitcoin Prevents Monetary Tyranny [link] #bitcoin #braveheart #libertarian
@BitcoinOz » 12 Oct '12, 10pm
RT @LibertyWatchr: Bitcoin Prevents Monetary Tyranny - [link] <- Wow! Forbes talking about debased currency 2 fund wars, abuse of State power
@LibertyWatchr » 12 Oct '12, 10pm
Bitcoin Prevents Monetary Tyranny - [link] <- Wow! Forbes talking about debased currency 2 fund wars, abuse of State power
@KD7ZD » 12 Oct '12, 4pm
RT @wortgefecht: #Bitcoin Prevents Monetary Tyranny - Forbes [link]
@jonmatonis » 10 Oct '12, 10am
@SteveForbesCEO I discuss Bernard von NotHaus, Liberty Dollars, and e-gold in this Forbes article [link]
@WhoIsSatoshi » 07 Oct '12, 7am
great piece on the raison d'etre of the bitcoin system by Forbes: [link] #Bitcoin
@OWSBuenosAires » 06 Oct '12, 7pm
RT @mbauwens: RT @mbauwens: Bitcoin Prevents Monetary Tyranny - Forbes [link]
@VigilantCanuck » 06 Oct '12, 4pm
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@UnoCoin » 05 Oct '12, 7pm
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@JuliusCaesar69 » 05 Oct '12, 4pm
Bitcoin Prevents Monetary Tyranny via @AllBTC [link]
@AllBTC » 05 Oct '12, 4pm
Bitcoin Prevents Monetary Tyranny #bitcoin #btc #economy #banks #banking #finance [link]
@chrisbrunner » 05 Oct '12, 4pm
An excellent Forbes article, 'Bitcoin Prevents Monetary Tyranny' by Jon Matonis @jonmatonis [link]
@cal_abel » 05 Oct '12, 3pm
Bitcoin Prevents Monetary Tyranny - Forbes [link] A way to prevent the government form inflating the value out of your wallet.
@Bittirahafi » 05 Oct '12, 12pm
RT @Technom4ge: RT @Technom4ge: Bitcoin Prevents Monetary Tyranny by Jon Matonis. [link] #bitcoin
@Technom4ge » 05 Oct '12, 12pm
Bitcoin Prevents Monetary Tyranny by Jon Matonis. [link] #bitcoin
@jonmatonis » 05 Oct '12, 9am
"Sed ego sum homo indomitus" Bitcoin Prevents Monetary Tyranny [link] #bitcoin #braveheart
@R45ID » 05 Oct '12, 8am
#gold #economy #Bitcoin Prevents Monetary Tyranny - Forbes: [link]
@jonmatonis » 05 Oct '12, 6am
New Post: Bitcoin Prevents Monetary Tyranny [link] @birgittaj @tbuhl @maxkeiser @stacyherbert #bitcoin
@keepyourassets » 05 Oct '12, 2am
RT @flix1: RT @flix1: Bitcoin Prevents Monetary Tyranny [link] @jonmatonis
@_carlrobinson » 05 Oct '12, 1am
Bitcoin Prevents Monetary Tyranny #tech #entrepreneur [link]
@TechL0G » 05 Oct '12, 1am
Bitcoin Prevents Monetary Tyranny: Mel Gibson as William Wallace wearing woad. (Photo cre... [link] | [link]
@flix1 » 04 Oct '12, 9pm
@jonmatonis Bitcoin Prevents Monetary Tyranny [link] @Gold_AntiTrust @GoldMoneyNews @Coinabul @erikvoorhees @dgcmagazine
@TechZader » 04 Oct '12, 7pm
Bitcoin Prevents Monetary Tyranny [link] by @ForbesTech
@jonmatonis » 04 Oct '12, 7pm
@KimZetter quoted. Thanks for covering e-gold! Bitcoin Prevents Monetary Tyranny - Forbes [link] #bitcoin #AML #KYC
@PaperPlane9 » 04 Oct '12, 7pm
Bitcoin Prevents Monetary Tyranny [link] via @oben02
@hkshco » 04 Oct '12, 7pm
Bitcoin Prevents Monetary Tyranny [link] #HSC
@dragonflyeye » 04 Oct '12, 6pm
#Bitcoin's aim is to prevent "monetary tyranny." [link]
@sebicas » 04 Oct '12, 6pm
Nice article of How Bitcoin Prevents Monetary Tyranny [link]
@Rassah » 04 Oct '12, 6pm
THIS is why Bitcoin is important & will change the world (crazy profits are a +) "Bitcoin Prevents Monetary Tyranny" [link]
@nlightn_up » 04 Oct '12, 6pm
RT @ErikVoorhees: RT @ErikVoorhees: Forbes - Bitcoin Prevents Monetary Tyranny. #DamnRightItDoes! [link]
@jonmatonis » 04 Oct '12, 6pm
I managed to get Braveheart and Bitcoin into the same article! [link] #bitcoin
@ErikVoorhees » 04 Oct '12, 6pm
Forbes - Bitcoin Prevents Monetary Tyranny. #DamnRightItDoes! [link]
@PelleB » 04 Oct '12, 5pm
@jonmatonis Thanks Jon. Great article and I agree completely [link] #egold #braveheart #bitcoin
@PelleB » 04 Oct '12, 5pm
"Bitcoin Prevents Monetary Tyranny" learn from e-golds history - via @jonmatonis [link] #bitcoin
@jonmatonis » 04 Oct '12, 5pm
@PelleB FYI, I linked to your blog in this: Bitcoin Prevents Monetary Tyranny [link] #egold #braveheart
@steve1inters » 04 Oct '12, 5pm
Don't quite get Bitcoin because I'm dumb.But at least someone's trying to figure out a way around our current $ issues. [link]
@kimrampling » 04 Oct '12, 4pm
Bitcoin Prevents Monetary Tyranny - Forbes [link] - time to move to a world currency.
@jasonhartsoe » 04 Oct '12, 4pm
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@nyclisting » 04 Oct '12, 4pm
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