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2495

What is money, anyway?

Editor’s Note: This topic is now comprehensively covered in my book, Broken Money. Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed significantly over the centuries. How could something…

2503

Crypto is an unproductive bubble

This post sparked a great conversation on Hacker News! See the comments here.Another update: Scott Alexander just (12/8/22) wrote the best counterpoint to this that I’ve read – see it here “The four most expensive words in investing are: ‘This time it’s different.’” John Templeton I’m writing this essay not so much to…