Thomas Sowell is a skilled writer with a powerful ability to combine historical, social science and free-market perspectives. He cuts through the noise and doesn’t mince his words on the sensitive topics of race and culture. In Race and Culture Sowell argues against two common social science doctrines: 1) that all races are equal and … More Book Review: Race and Culture by Thomas Sowell
It is sometimes argued that bitcoin solves the issue of high transaction fees in the banking industry. I also hoped this was true when I first investigated bitcoin but it is not true. Bitcoin primarily solves digital decentralised electronic value transfer not low transaction fees. Digital decentralised electronic value transfer remains intact and valuable despite rising … More Bitcoin does not solve low transaction fees
by J.D. Salinger A depressing story about of troubled 16-year-old boy who is leaving another school after being asked to leave. The young boy writes in the first person and contemplates his repeated lack of desire to do anything meaningful. He aims at a menial task and will end up changing his mind at the last … More Book Review: Catcher in the Rye
Blank slate Empty canvas Childlike curiosity I soak up information like a sponge Naively ask questions easy questions hard questions silly questions obvious questions Questions questions you’re too afraid to ask Fear? Afraid of what? I’m never afraid Too busy learning Learning like a child
Children are acclaimed for their ability to soak up information like sponges. They approach the world with a blank slate. From sight, to walking, to talking, to reading, there is an instinct to naively make sense of their surroundings. Children ask hundreds of questions; easy questions, hard questions, silly questions and obvious questions – often … More Approaching the world with childlike curiosity
Capitalism is such a despised and derided term that I often dissociate myself from it. Cowardly? Perhaps. But I don’t think there is anything necessarily wrong with my view. Humans adjust to the world around them and identify themselves with terminology that creates a positive association. As my friend Russ Lamberti says, (paraphrasing) “people are … More Capitalism: A straw man for the world’s problems
Nassim Taleb’s first book is absolutely scintillating – I can’t believe it took me so long to read it. I really appreciate Taleb’s ability to cut through the noise – encouraging people to focus on good quality information that either have a statistically significant impact on our lives or those that where we can actually … More Book review: Fooled by Randomness
Buddy Wells contends that my article “Inflation is unequivocally bad for the poor – why is the Reserve Bank targeting 6%” doesn’t hold water because I haven’t accounted for cost push inflation. For the sake of space I kept the cost-push-inflation discussion out of my previous article but I’ll happily explain in this article why … More Inflation is inflation, is inflation, is inflation – responding to cost-push inflation
The recent attack on the South African Reserve Bank (SARB) by the hierarchy from South Africa’s ruling political party the African National Congress (ANC) is most likely another attempt to regain the political narrative in the cloak and daggers world of South Africa politics. Rather than allow media to focus on state capture and South … More Inflation is unequivocally bad for the poor – why is the Reserve Bank targeting 6%?
Bitcoin is an exciting technological innovation with the potential to disrupt or at least shape the financial world. It is however a complex technology that requires a significant amount of intellectual investment to understand properly. Dramatic price increases may tempt some armchair investors to dip their toes into the cryptocurrency world but it is critical … More Bitcoin – a financial innovation for the 21st century
Sound Money 