“Princes of the Yen” is currently listed for $200 on Amazon. It’s Richard Werner’s book—the same economist Tucker Carlson recently interviewed about the collapse of Japan’s once-miraculous economy. Apparently, someone translated the book from Japanese and is now charging that outrageous price. Thankfully, someone else created a documentary based on the book, and I watched… Continue reading “Princes of the Yen”
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Truman Show
Ever since I seriously got interested in history, I’ve believed that in order to understand how the world truly works, one needs to look under the hood—at how its financial system operates. By and large, history books miss this crucial aspect of the human story, probably because it’s too technical and requires expertise to grasp.… Continue reading Truman Show
The State and Your Money.
What the Bank of England history teaches us about how to protect our 401(K). When I was a child, my least favorite subject in school was history. I hated memorizing meaningless dates for events that were meaningless to me. All that changed in 2000. Early in the dot-com bust, I lost my well-paying job as… Continue reading The State and Your Money.
Let’s Ride.
Tomorrow, I fly back home from Europe. This summer was immensely productive for me. Early in the morning I’d make a cup of “Dolce Gusto” coffee, spike it with amaretto liqueur for taste (the breakfast of philosophers), walk out onto a terrace overlooking the Black Sea and read . Then I’d make breakfast and spend… Continue reading Let’s Ride.
The Inflation Guide for the Perplexed.
The headlines say inflation is back, and yet our President repeated his call to lower interest rates. That’s like seeing a wall ahead and screaming to the driver, “Hit the gas!” Eh?! (Originally I wrote WTF?! but then crossed it out and went with Eh?!—a concession to social grace. Mild confusion just feels classier than… Continue reading The Inflation Guide for the Perplexed.
💸 Losing Money by Reading the News.
A Comedy in Five Acts Over the past few years, I’ve made a baffling discovery: I am all but guaranteed to lose money by reacting to the news. Not sometimes. Not occasionally. Every. Single. Time. It’s like clockwork with a side of financial heartbreak. Let me walk you through the repeating nightmare: ☕️ Act I:… Continue reading 💸 Losing Money by Reading the News.