A tree is an organism, but also a lumber reserve. After it is felled by a lumberjack, its story as an organism ends. But its story as a lumber reserve goes on, and its story as a house has not yet ...

A fundamental question has recently been on my mind: What is money? While this might seem straightforward, especially to those in traditional finance, unpacking it reveals deeper questions about money ...

Such volatile moves, they will argue, make it impossible for cryptocurrencies to serve what traditional economics describes as the three functions of money: i) a medium of exchange, ii) a store of ...