Zombienomics 2.0: Crypto-Monetarist Austrian Economics Edition

12 min read

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. — John Maynard Keynes JMK, the best investor of his generation (12% C.A.R., 1921–46), can still help us separate the real signal from the noise of the monetarist boy once again crying about the hyperinflation wolf. There’s an updated, crypto-bubblicious version of the old Austrian economics’ gold buggery, repackaged in crypto cool clothing to seduce the unwary like a Gamestop stonk chart on r/Wallstreetbets. Rest assured, it’s the same old Fix It Again Tony FIAT monetarist engine dressed up in…...

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RigaWriter I\'m a NYer living in Latvia since 2005, after living in Italy from 1989-2005, Spain and Catalonia in 1976, 1980-81 and 1986-87, southern France the summers of 1985 & 1986 and Portugal in the Carnation Revolution summer of 1974. Conversational Russian and Latvian are my 6th and 7th languages. I did channel check research for one hedge fund and a Wall St research firm from 2009-12 and taught Behavioral Investing, Entrepreneurship and History at Riga Business School from 2012-16. Title of my investments course: The History of Human Financial Stupidity--Including Mine. From 1998-2007 I invested in real estate in Latvia and Estonia. Since 2015 I\'ve invested 7 early stage startups, none of which have yet failed, but some of which inevitably will. Best trade: shorting 20m JPY with spot and options trades on FXY in early 2013 Worst trade: long yield-trap MLPs in 2015 My wrestling match with The Great Humiliator: ongoing.