Sublime
An inspiration engine for ideas
If we act now, we can make sure that democratic values—freedom of speech, individual economic privacy, free enterprise, and free capital markets—are encoded in the digital future of money.
J. Christopher Giancarlo, Cameron Winklevoss, • CryptoDad: The Fight for the Future of Money
in deflationary times is the Federal Reserve’s attempt to reflate the economy. It does this by weakening the dollar in an attempt to create a little inflation, which in turn boosts the price of gold.
John J. Murphy • Intermarket Analysis
Howard Marks
Shubham • 1 card
How to Shape a Market
statecraft.pubIn contrast, fiat currencies, which are jurisdictional standards, commonly require adapters that extract rents. Financial intermediaries serve as adapters that coordinate economic activity across political boundaries.
Stephen McKeon • Components of Coordination
As noted, financial markets today serve as giant debt refinancing mechanisms and not as the new capital raising vehicles popular in finance textbooks. Here balance sheet capacity, i.e. liquidity, is what matters, not interest rates. In a World dominated by new investment spending, interest rates serve as the cost of capital, but in a debt re-financ... See more