Today we continue our journey through Robert Breedlove's thorough work by completing section 1 on the incredible history & profound nature of money. •...
"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which...
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...