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May 22, 2026
Most people reading this post have a job that didn’t exist a hundred years ago. Some of these jobs create easily measured and obvious forms of value, some less so. And all of...
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Apr 27, 2026
The expression “bad money crowds out the good” refers to Gresham’s Law. It means that once lesser-quality and counterfeit currency begins to be traded, people hoard...
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Mar 16, 2026
Scarcity of creation and scarcity of distribution have been replaced by a surplus of both.