Accurate Bitcoin and Macro Analysis you can't find anywhere else!

Subscribe

Blog

The Return of American Non-Interventionism

The Return of American Non-Interventionism

Original archived The largest geopolitical change since WWII might be the US shale revolution. It frees Americans to revert to our natural proclivity for isolationism. In only a few short years, the US has gone from importing 10 million b/d, to 3.8 million b/d, and in doing

Bitcoin, Debt And Elasticity: A Rebuttal To Michael Green

Bitcoin, Debt And Elasticity: A Rebuttal To Michael Green

Original archived First published on Bitcoin Magazine, February 3, 2021. Author: Kent Polkinghorne In the same way that a year passes through a series of seasons, so too does Bitcoin appear to follow a seasonal trajectory during each halving cycle. As we enter Bitcoin Spring, price discovery and growth within

12th Century Interest Rates

12th Century Interest Rates

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This

Dark Ages Interest Rates: 5th - 11th Centuries

Dark Ages Interest Rates: 5th - 11th Centuries

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This

History of World Reserve Currencies: Part 4 - Spanish History and the Real 1535 - 1609

History of World Reserve Currencies: Part 4 - Spanish History and the Real 1535 - 1609

Original archived * Part 1: The Italian Renaissance Standard 1250-1535 * Part 2: The 14-15th Century Silver Shortage * Part 3: Why European Currencies Recap The Italian city-states began minting a standardized gold coin in 1252 to fill the monetary void for an international trade currency created by a debased Byzantine solidus and

Roman and Byzantine Interest Rates – The Byzantine Empire 395–1453 A.D.

Roman and Byzantine Interest Rates – The Byzantine Empire 395–1453 A.D.

Original archived Author: Kent Polkinghorne Source material: A History of Interest Rates, Fourth Edition by Sidney Homer and Richard Sylla (1963, 2005). This book covers interest rate history dating back to ancient times and contains very interesting charts, tables, and analysis which I will attempt to modernize and summarize. This

Bitcoin Does Not Need Fiat Inflation to Flourish

Bitcoin Does Not Need Fiat Inflation to Flourish

Original archived The prevailing wisdom in the bitcoin space is that bitcoin's success is dependent on inflation of fiat currencies. Not surprisingly this is the same argument that has been advanced by gold bugs for decades as they predicted that ongoing inflation would lead to higher gold prices.