A Response from Team Transitory
Was inflation transitory or not? It seems so, but what were the reasons and excuses now offered by the other side. A response to a AIER post.
Blog
Business Cycle: Is Limiting Credit the Best Route to Sanity?
Why a Bitcoin 6102 Won't Happen
There are several misconceptions about the details of the program that make people unreasonably worried today in regards to bitcoin
Shale: An Earthquake in the Geopolitical Order
Discussion on the scale of the Shale revolution
There are important geopolitical developments and then there's the US shale revolution. Important geopolitical events are usually small, like a regional war, major shifts in trade agreements, etc. However, the shale revolution ranks up there with events that completely change
The Dangers of Mislabeling Inflation: A Response
If you call everything inflation, you lose any explanatory, and hopefully predictive, power of your model of the economy.
Communism Works Better than Markets With Today's Compute?
Response to a communist tweet about compute power vs markets.
Bitcoin is a Hedge Against Geopolitical Risk (continued...)
This is a written response to accompany my recent podcast.
Bob Elliot and Michael Green appeared on Blockworks podcast. Starting at minute 49:00 they talk about bitcoin. Their basic premise is that bitcoin has not performed as a hedge against geopolitical risk in the few days since the Israel-Gaza