A well put together monetary economic history from an Austrian economics perspective. Despite the large uncertainty posed by the future, Saif holds strong and clear perspectives about the future of money and the cryptocurrency space. Many would find his perspectives controversial and potentially a little dogmatic. I do, however, appreciate his clarity of thought and … More Book review: The Bitcoin Standard by Saifedean Ammous

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

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