Understanding The Interest Rate Fallacy
The belief that low rates lead people to borrow more and expand credit is wrong.
How Bitcoin Will Impact El Salvador's Geopolitics
A survey of the history, economy, geography and demographics of El Salvador demonstrate that the adoption of Bitcoin will be a major success.
Yield Curve Control Skepticism
Is Yield Curve Control (YCC) going to happen in the US, and if so, what will it look like?
13th Century Interest Rates
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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
Fungibility of Bitcoin
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As bitcoin matures, it encounters increasing debate about its monetary attributes. Of course, the most frequently discussed is scarcity, because bitcoin's greatest characteristic is its fixed supply. A close second is fungibility, along with the closely related topic of privacy, which is the subject of this
The Return of American Non-Interventionism
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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
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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