Economics

[E]conomic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman’s tool is values; the bureaucrat’s tool is fear. – AYN RAND

Is Bitcoin an Investment or a Speculation?

What a neighborhood cigar shop can teach you about the global financial system — and about whether you’re an investor or a speculator.

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