By Tae-Sik
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June 18, 2020
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~5 min read
A free society respects the individual. A free society allows for a frictionless exchange of products, services and labor. Laws are designed to be universal and add clarity and boundries in the interaction of sovereign individuals. Wages are paid to those who provide their time and services. Labor and time is paid in exchange for […]
By Tae-Sik
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May 22, 2024
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~12 min read
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, […]
By Tae-Sik
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May 22, 2024
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~12 min read
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, […]
By Tae-Sik
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July 27, 2020
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~7 min read
Money and currency is our medium for the exchange of goods and services. In the US, we use dollars. It is printed and regulated by the US Government. It is divisible, scarce, durable, portable, difficult to counterfeit, universally accepted, and stable. The value of a nation’s currency is correlated to its scarcity and wide acceptability. […]
By Tae-Sik
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December 25, 2023
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~5 min read
Is a major recession or an unspeakable depression akin to 1929 possible in our modern age? Central banks stand ready, modern banking systems with derivative assets locked and loaded, fiat currencies ready to print and the cost of money digitally available to be distributed to anyone and anywhere in seconds. Our modern economy is global, […]
By Tae-Sik
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December 25, 2023
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~5 min read
Is a major recession or an unspeakable depression akin to 1929 possible in our modern age? Central banks stand ready, modern banking systems with derivative assets locked and loaded, fiat currencies ready to print and the cost of money digitally available to be distributed to anyone and anywhere in seconds. Our modern economy is global, […]
By Tae-Sik
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June 12, 2025
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~12 min read
This is my impressionistic explanation of how the Bitcoin Wallet works and how it fits within the larger Bitcoin ecosystem. There are 3 components to the Bitcoin core. The Bitcoin core is the software or programmatic implementation of the Bitcoin software system. 1. Bitcoin Mining 2. Bitcoin Node 3. Bitcoin Wallet Bitcoin miners compete for […]
By Tae-Sik
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May 19, 2024
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~3 min read
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 […]
By Tae-Sik
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May 28, 2024
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~5 min read
Question: When it comes to the U.S. Treasury selling bonds, whether short-term or long-term, such as bills, do they have to coordinate at all with the Federal Reserve or are they acting completely independently and selling bonds only when and if the federal government needs money for their fiscal spending? Answer: The U.S. Treasury and […]
By Tae-Sik
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May 28, 2024
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~10 min read
You observe an aquarium filled with an assortment of small trees. The trees on the right seem larger, healthier, and more robust compared to those on the left. In fact, the further you look to the left, the less healthy the vegetation appears. You notice a water spigot located in one corner of the aquarium […]
By Tae-Sik
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May 28, 2024
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~10 min read
You observe an aquarium filled with an assortment of small trees. The trees on the right seem larger, healthier, and more robust compared to those on the left. In fact, the further you look to the left, the less healthy the vegetation appears. You notice a water spigot located in one corner of the aquarium […]
By Tae-Sik
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June 29, 2023
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~23 min read
Sovereign governments have the power to print their own currency. Governments authorize their Central Banks to manage their fiat currency. Central Banks have the authority to create money. Central Banks can create money that increase the money supply and money available for financial transactions. More money in the system is inflationary in nature. Inflation is […]
By Milan Ji
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December 4, 2025
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~15 min read
S&P 500 and the Microstructure of Modern Short Squeezes The E-mini S&P 500 futures contract (ES) is the undisputed primary global price-discovery vehicle for U.S. large-cap equities. On active days it routinely trades $600-900 billion notional (occasionally exceeding $1 trillion), on effective intraday leverage of 15-25X, and consistently leads both the cash S&P 500 index […]