In the early 2000’s central banks mismanaged interest rates contributing to the formation of a massive property bubble around the world. The ensuing financial crisis was followed by bailouts for the so called “too big to fail” institutions that had caused the aforementioned bubble, while workers were left to suffer…

Introduction Bitcoin was conceived as a decentralized monetary alternative to the current fiat system. Satoshi was aware of the challenges (perhaps insurmountable) of creating a currency that is both elastic and decentralized, hence, he conceived Bitcoin with an inelastic money supply. (1) Although Nakamoto clearly envisioned Bitcoin bitcoin becoming money…

Introduction The current economic environment is characterized by exorbitant debt levels. As I outlined in my July-2020 article “When Inflation Starts it Won’t be Contained”, both public and private debt have reached levels that make it impossible for central banks to stop printing money. In the following graph the blue…

In June 2020 I wrote an article titled “Once Inflation Starts, it Won´t be Contained” which contained three theses: 1- Inflationary risks were a lot higher than generally perceived. The unparalleled increase in M2 money supply resulting from the response to the pandemic would lead to CPI inflation. 2- Once…

Llevo unos años con una visión extremadamente optimista de Bitcoin y por ahora las expectativas se han cumplido con creces. A principios de 2019 escribí mis primeros blog posts en Rankia indicando una alta probabilidad de formación de suelo en torno a 3,900 USD, con un objetivo mínimo de 50,000…

One of the greatest challenges facing the world is ensuring economic progress is undertaken in a way that doesn’t impose an insurmountable cost to the planet. Scientists have been warning for decades that the current rate of environmental degradation puts humanity on the brink of disaster and yet the economic…

Introduction The mainstream media has spent decades underplaying the risks of inflation, claiming that deflation is the most perilous thing that could ever happen in an economy. Amazingly, their propaganda has succeeded and most people have come to accept the ludicrous notion that falling prices of goods and services are…

En agosto de 2019 los medios clamaban que una crisis económica era inminente y las búsquedas de la palabra recesión en google alcanzaban picos recientes. …

De ciencia de la riqueza a ciencia de la acción humana El periodo Pre-Marginalista En el Siglo XVI, los escolásticos trataron las cuestiones económicas desde un enfoque moral; si era correcto cobrar interés, cuánta tierra era legítimo tener el propiedad así como el análisis de los marcos institucionales. Con los…