Banking & Finance

Is This Time Different?

“We will not have any more crashes in our time.” – John Maynard Keynes, leading British economist, in 1927 “Stock prices have reached what looks...

The Chain of Consensus: The Cartel Behind The Blockchain

While often pitched as decentralized, the key infrastructure upholding consensus on Ethereum has been dollarized by stablecoin issuers. These same entities, in addition to...

THE UNFINISHED WAR ON CRYPTO

The past two weeks have been nothing short of surreal. If you’ve been following my journey over the last two and a half years,...

59 Percent of Americans Don’t Have Enough Savings for a $1,000 Emergency

We are essentially a pay check to pay check nation,’ said senior economic analyst at Bankrate. Most Americans cannot afford a $1,000 emergency expense, with...

Opposing the Keynesian Illusion

Keynes held that the economy can suffer extended periods of high unemployment because of deficient aggregate spending. A contraction in spending results in businesses...

The Wheels Are Coming Off

I started following financial markets during the Asian Financial Crisis. I remember the Fed stepping in as LTCM detonated, and I instantly understood the...