Explorations in economics, sound money, and the ideas that shape markets.
For the better part of a century, the word "deflation" has been wielded like a talisman to justify endless money creation and the slow impoverishment of savers. But what if the story has been told backwards? What if deflation is not the disease, but the cure that a sick system refuses to take?
Read more →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 and the search for a universally saleable good; the other, to the ancient tablets where debts were first inscribed. Both were right, and both were wrong.
Read more →Deflation, technology, and sound money — why falling prices are not the catastrophe central bankers claim, and what it means for the future of economic growth and human prosperity.
Read more →Hayek's insight into emergent systems — how complex order arises without a central planner, from language to markets to law. Understanding the knowledge problem at the heart of civilization.
Read more →How money creation redistributes wealth from the many to the few. Tracing the path of new money through the economy and why proximity to the printing press determines winners and losers.
Read more →The concept of time preference — the degree to which people value present goods over future goods — and its profound implications for saving, capital accumulation, and the rise and fall of civilizations.
Read more →Evaluating Bitcoin through the lens of Austrian monetary theory. Does it satisfy the regression theorem? Can a purely digital asset serve as sound money in the tradition Mises and Rothbard envisioned?
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