Eric Weinstein Is the Latest “Thinker” To Confuse Economics With Maths
A decent caricature of Weinstein’s position is that until everything has been mathematized, economics remains unscientific.
Category: MONEY
Value Is Subjective: Neither Gold Nor Crypto Have “Real Value”
This widespread conflation of cryptocurrency and fiat currency comes from two vital misunderstandings: a lack of an understanding of what exactly fiat is and a lack of understanding of value’s subjectivity.
If Bitcoin Were A Central Bank, It Would Have a Perfect Monetary Policy
This non-discretionary monetary policy can best be described as asymptotic money supply targeting (AMST).
Marty Bent : We’ve Been Here Before – Hubris Was the Common Factor
Do you really think this time is different ?
Featuring music by Cake.
Bitcoin, Unlike Fiat Money, Is Compatible With Islamic Finance
Elevating morality above perceived efficiency makes for a profound starting point.
Keynes and “Free Market” Friedman : Government Approved Idiots
Pop psychology is no substitute for capital theory. In a sane society, their ideas on money would confined to the realm of academic comedy.
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