Similar point made in Brett Scott’s book Cloud Money. ‘Money makes the market’, not the other way around.… Tim Bouma Sep 2, 2023, 3:07 PM
Is that a deal elm tree? I haven’t seen that since I was a kid when Dutch Elm Disease swept the country.… Tim Bouma Sep 2, 2023, 3:05 PM
Next on my reading list. I’ve read George Selgin’s overview but going straight to the source. Still musing on the idea that central banks are creating more harm instability than good. It’s almost like the early days of medicine where bloodletting was the accepted wisdom.… Tim Bouma Aug 31, 2023, 2:15 PM
brokenmoney Finished reading @Lyn Alden ‘s masterpiece #BrokenMoney. My two key takeaways: Speed of transaction versus speed of settlement: Increasing mismatch has caused major imbalances, combined with Discretionary monetary rulesets that work in a local context eventually break down in a global context. Together, these lead to ‘broken money’ sooner (like… Tim Bouma Aug 31, 2023, 1:01 PM
brokenmoney This is the best diagram of government ever, thanks to @Lyn Alden exquisite engineering diagramming techniques. For the full diagram get her book, #BrokenMoney… Tim Bouma Aug 30, 2023, 5:25 PM
