The cult of mediocre entrepreneurs and the misperception among the youngs that creating value is easy.

Implosion of capital backed retirement systems and the cost to suppress the resulting violent protests.

We need to find better ways of getting money into the economy than making it easier for asset owners to purchase or invest in assets.

There’s an obvious relation between NIRP & family formation, sub replacement fertility, and productivity growth, but we’re not seeing it, and therefore not seeing what we can do about it.

Negative interest rates will make stupid money drive out the smart money. Bullshit will rule the day in negative interest environments, and it's going to take immense efforts to clean up all that bullshit.

It’s not different this time. There’ll be massive inflation. No magic trick to vastly increase the money supply without suffering the consequences exists.

That Facebook is a fucking cancer on civilized society?

#Bitcoin, Now with more #LightningNetwork.