The form of credit an economy uses determines the form of society it produces. The bill of exchange was the credit instrument of a society organized around production; the government bond is the credi...

Over 41 BTC has already flowed through Nostr zaps, proving users will pay once friction disappears. Nick Szabo identified mental transaction costs as the barrier to micropayments in the 1990s, but he...

The solution to collectivist punishment is to have two realms. The first is the totalitarian realm of politics, of violence, of coercion, of theft, of intimidation, and we have the second realm of vie...