Today I wanted to cover an analogy I have hit in the past to explain what's happening in the boom/bust cycle. One that sheds...
"It was around this time — 1997, close to the [cypherpunk mailing] list’s peak popularity — that Back submitted his Hashcash proposal." @AaronvanW @BitcoinMagazine...
You've likely been fed the narrative that inflation stimulates spending, benefits the economy, and that government expenditures have a profound 'multiplier effect.' This is...