How a virtual central bank may have created the Bitcoin bubble

In Opinion by Michael Rae

Imagine if you could own a company that had the ability to print money—literally to create the equivalent of U.S. dollars out of thin air.
Here’s how it could work: The company prints it own form of currency and sends it to another firm where the newly created pseudo-money is used to purchase assets. Continue Reading…
Related posts:
‘Central World Bank’ Would Hurt Cardinal Turkson’s Native Ghana
Vatican’s Call for Central World Bank: What the Left Misses

Read more at The Acton Institute