The reason for their visceral hatred toward digital sound money is because on some level, Buffett and Munger know that one of the major tailwinds of their stellar success has been the destruction of the monetary base layer. Bitcoin threatens this because it fixes Cantillon Mercantilism.
We hear a lot of talk in financial and economic circles about “reversion to the mean” or some variation: reversion through the mean or that reversion typically overshoots the mean. If you believe in cycles or oscillations, when you see something get wayyyyy out of whack, you may not know how much further out of […]
Heretical Judge Rules that Uber Can’t Externalize its Labour Costs As I briefly covered in my AxisOfEasy tech digest this week, Uber and Lyft were bracing themselves for a ruling by a California judge that threatened to force them into treating their wage slaves drivers as employees. Lyft said if the ruling went against them […]
On Cantillionaires, Sycophants and Losers “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning” — Henry Ford “The ultimate crisis will occur when the situation is so thoroughly perverted that the defenders of […]
After the 9/11 terror attacks, when our privacies were permanently revoked, and we entered into “a war which would never end in our lifetimes”, Bush II proclaimed “They hate us because of our freedoms”. Some critics thought that was an almost nonsensical statement to make, while the credulous took it at face value. It framed […]
This is part 4 of the Jackpot Chronicles: Four Post-Coronavirus Scenarios. Read the series here, or sign up for Out Of The Cave here. “In the future there will only be one occupation: managing one’s wealth. And the majority of the population will be unemployed.” – Me. The original working title for this installment of […]
The theme for today’s post is from Scott Galloway’s (@profgalloway on Twitter) “Casper Should Not Go Public” post on Medium, which he wrote in response to the news that Casper, a mattress company I had never heard of, had filed to go public, having lost $73.4 million on $250.9 million revenues in 2017 and another […]
(My fledgling audiobook company just released an audio version of Eugen Richter’s 1893 work “Pictures of the Socialistic Future”. In order to have an audiobook version of a public domain work accepted into Amazon’s Audible store, you have to first make a kindle version and add some unique original content to it, such as a […]