Latest Essays


Deflation, the Bogeyman

17 min read

For the better part of a century, the word “deflation” has been wielded like a talisman to justify endless money creation. But what if the story has been told backwards?

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What is Money?

18 min read

For over a century, two schools of monetary thought have waged a quiet war over the most deceptively simple question in all of economics. One traced the answer to the marketplace; the other, to the ancient tablets where debts were first inscribed.

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