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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!
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Listening to an essay from 1997 that details specific challenges of something as distant as the smart contract embedded into the Lightning Network shows...
"This created a ticking time bomb with a very short timer. That money was going to "work" in completely artificial markets that were being...
