By Joakim Book For decades, those of us skeptical of our central banks’ monetary experiments have tried to punish them for their excesses – rein them in, have them follow a stated rule, or at least provide a way for us critics to opt out of their system. Immunize ourselves from whatever havoc they’re wreaking. Projects have come and gone: e-gold, DigiCash, B-Money, Bit … [Read more...] about Escape Hatches: Migration, Bitcoin, and the Ability to Get Out
Joakim Book
When Financial Markets Bubble, There’s Something for Everyone
By Joakim Book Thomas Levenson of MIT has written a timely book: Money For Nothing: The South Sea Bubble and the Invention of Modern Capitalism. As many assets on the world’s financial markets rise and rise and rise, and many pundits call for an inevitable collapse that never seems to arrive, looking at bubbles of the past provides the very perspective that financial … [Read more...] about When Financial Markets Bubble, There’s Something for Everyone
The Only Way To Win Is Not To Play
By Joakim Book When the melting pot has stopped melting and started stirring, you need to try something else. America was always the land of opportunity, where working hard meant getting ahead and doing well was not just allowed but encouraged. Where you could mind your own business and where your right to believe the craziest of things was routinely accepted and then … [Read more...] about The Only Way To Win Is Not To Play