Rethinking Economics

Rethinking Risk: don’t be afraid to concentrate it

Risk diversification is a key concept in risk mitigation. But it shouldn’t be the only concept. Here’s why.

Rethinking Inflation: it’s not all monetary

Actually, inflation isn’t always money’s fault. And in a world of free capital flows, monetary inflation is often imported from another Central Bank.

Money is backed by everything

Money is backed by everything, and by nothing, and by whatever you want. It’s the piece of string whose length is as long as you want it to be. That’s a good thing.

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