Question: Excessive money printing and fiscal spending are often cited as causes of financial instability. However, if a government issues bonds and the central bank buys them (essentially monetizing the debt), wouldn’t this just lead to inflation without necessarily creating other problems? Answer: Excessive money printing and fiscal spending can indeed lead to financial instability, […]
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Walled Garden Economics
Our economy is a Walled Garden, with a lone security guard who has a gun, sets the rules, and issues vouchers that can be traded for fruits and vegetables. Security is the only entity in the Walled Garden with the power and authority to print and issue these vouchers. In the Walled Garden, agents produce […]
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Time Compression and Frame Rates
The passage of time is a fascinating perception of reality. The way our mind interprets the “experience” of time is truly mysterious. Our perception of time’s passage is not a constant, but a flexible construct shaped by our unconscious engagement. Your brain is a recording device. When experiencing novel stimuli, like those encountered during travel, […]
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The Value of Life Maps
Ancient explorers bravely ventured into uncharted territories with rudimentary tools and an adventurous spirit. Some were fortunate to have primitive maps inherited from previous explorers, perhaps even an indigenous guide who knew the land by heart and sight. The expedition was fraught with danger and the unknown. As the journey progressed, charts were updated, redrawn, […]
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The Optics of Youth and Potential
For a person of youth, what you see is their unlimited potential, their bright future and the boundless possibilities that life holds. There is an exaggerated estimation of their aptitudes. We tend to draw a straight line from their birth to youth, and extrapolate the same trajectory indefinitely into the future. The lens of youth […]