There is a piece of advice so universally repeated that questioning it feels almost criminal. Live within your means. Spend less than you earn. Do not buy what you cannot afford. For a household, this is mostly sensible. For a nation, it is potentially catastrophic. The confusion between household budgets and national economies is one […]
Why “Living Within Your Means” Is Bad Advice for a Nation Read More »
There is a particular kind of economic damage that does not announce itself. It does not arrive with a crash or a headline. It shows up as a slow, creeping erosion, the kind you only notice when you try to build something and realize the foundation has been hollowed out. That is the story of
The Remote Work Trap: Why Empty Offices Could Break the National Economy Read More »
There is a particular kind of comfort that kills slowly. It is the comfort of a business that has not changed its product in fifteen years. The comfort of an industry that lobbies for protection instead of innovating. The comfort of an economy where nothing fails, nothing breaks, and nothing new is born. Most people
In 1936, a British economist published a book that would reshape how governments manage economies for the next century. John Maynard Keynes was not writing about Bitcoin, obviously. The technology would not exist for another 73 years. But buried in the pages of The General Theory of Employment, Interest and Money was an idea so
The Animal Spirits Guide to Bitcoin: Why Logic Does Not Drive the Market Read More »
We like to believe that science marches forward. That every discovery builds on the last. That the arrow of knowledge points in one direction, and that direction is up. Thomas Kuhn thought this was a beautiful story. He also thought it was mostly wrong. In 1962, Kuhn published The Structure of Scientific Revolutions, a book
The Problem of Progress Without Purpose: A Kuhnian Existential Crisis Read More »
There is a quiet war in economics that most people never hear about. It is not fought with data or equations, though both sides pretend it is. It is fought over a single question: who do you trust more, governments or people? On one side stands John Maynard Keynes, the elegant British aristocrat who believed
Why Keynes Is for the State and Jean-Baptiste Say Is for the People Read More »
In 1993, a quiet political scientist at Harvard published an essay that made half the world furious and the other half uncomfortable. Samuel Huntington did not predict a new weapon or a new alliance. He predicted something far more unsettling. He said the wars of the future would not be fought over territory, resources, or
Why the Next World War Will Not Be About Land, But About God Read More »
Most economic theories treat the entrepreneur like a vending machine. You insert capital, press a button, and out comes a product. The person running the operation is barely worth mentioning. They are rational. They maximize profit. They respond to incentives like a dog responds to a bell. Joseph Schumpeter thought this was nonsense. Writing in
The “Heroic” Entrepreneur: Why Schumpeter Thought You Needed an Ego Read More »
Samuel Huntington argued that the future of conflict would not be drawn along ideological or economic lines, but along civilizational ones. Culture, religion, language, history. These were the fault lines that mattered. The Cold War had fooled everyone into thinking the world was split between capitalism and communism, but once that curtain fell, older and
Crypto Civilizations: Can Blockchain Replace National Identity? Read More »
There is a strange contradiction at the heart of modern policy. Governments will subsidize corn, solar panels, electric vehicles, and even beekeeping. But the one institution that arguably produces more social good than any of these – marriage – gets almost nothing. No quarterly check for staying together. No tax rebate for making it past
Why We Should Pay People to Stay Married: The Case for Relationship Subsidies Read More »