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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 light on the fact that the imbalance is a fundamental element of the fractional reserve system, rather than an unexplainable flaw of humanity shrugged away by "animal spirits."
What do cars, tickets, and vacation plans have to do with the boom/bust cycle? Listen to find out!
“This problem is precisely why all previous attempts of digital cash required a centralized registry. You always had to trust someone to correctly identify...
"Bitcoin fails as a money b/c of its naive monetary policy. Many people think government printing too much is evil, so a fixed money...
"One night during my visit to Bondo, Carl asked me to pause as the sunset was fading, to look at the hills around us:...
