Tag
Money
2 mins
Welcome to Nixonland
June 3, 2021
So what is his legacy? It is more significant, and more subtle, than you might think. The Watergate scandal etched his name in history. 'Nixon Goes to China' was a political masterstroke. But the key decision, one that is touched only briefly in the book, took place in 1971. In that tumultuous year Nixon decoupled the US dollar from gold.
1 min
Ten Years. Not Ten Months.
May 21, 2021
When I enter the twitter bear pit and see howls of anguish on one side, and cries of joy on the other, I head straight for the middle. I remain composed and think about the low time preference world that I believe is emerging. Nothing is certain, of course. But quiet conviction lets me navigate the shifting sands of sentiment.
2 mins
Walking Tall
May 4, 2021
'A man with without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life's chairs because any small emergency throws him into the hands of others. Without savings, a man must be too grateful'.
2 mins
Our Money is Distorting
March 23, 2021
Our money is distorted, and thus our environment is distorted. The construction industry is highly motivated by margins, and I totally get that, especially in this era of currency debasement. But it drives the high time preference I frequently see in design decisions. It is a tragedy, and I do firmly believe that Bitcoin can realign our motivations to create beautiful, healthy spaces.