skin in the game

Skin in the Game

"Bureaucracy is a a construction by which a person is conveniently separated from the consequences of his or her actions." What a poetic quote. Nassim Taleb is a polarising figure; yet there is no doubt that he is on top form in Skin In The Game. Less academic and mathematical heavy than some of his … Continue reading Skin in the Game

the cryptonomicon

The Cryptonomicon

The Cryptonomicon (also sometimes referred to as the Old Testament of the contemporary crypto community, I title it competes for with The Sovereign Individual) was apparently "required reading" for Elon Musk and Peter Thiel's team members in the early days of PayPal. After reading the book myself, this is an urban legend I am inclined … Continue reading The Cryptonomicon

the deficit myth

The Deficit Myth (and the Free Lunch Fantasy) of MMT

“Only a crisis — actual or perceived — produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.” ~ Milton Friedman Right now, Modern Monetary Theory (aka Magic Money Theory, aka MMT aka a new branding for monetary stimulus) as popularised by Stephanie Kelton’s The … Continue reading The Deficit Myth (and the Free Lunch Fantasy) of MMT

anarchy state and utopia

Anarchy, State and Utopia

Robert Nozick's 1974's  Anarchy, State and Utopia deserves a re-read right now. As the long-suppressed cracks begin to open in the WEIRD (Western, Educated, Industrialised, Rich and Developed) world, we are forced to face the scaling problems of party-politics democracy; and to begin to seriously consider the alternatives on offer. Common logic (of the upper … Continue reading Anarchy, State and Utopia

How to Read More

How to Read More

As I've said before, reading books is the fastest way to absorb information (until we succeed in connecting ourselves to a global Brainternet, but that's cheating, and it's not quite possible yet either). I read a fair amount and I'm often asked how I do it. It's not hard, really. If you can make time … Continue reading How to Read More

The prince

The Prince

"The effective leader understands that politics is as much about image as it is substance and acts accordingly." With all the Machiavellian power-grabbing going on by governments around the world at the moment in the midst of the COVID-19 crisis, it seems like as good a time as ever to review the old bible of … Continue reading The Prince

money history and future

Money (the unauthorised biography)

"Everyone except an economist knows what 'money' means, and even an economist can describe it in at the course of a chapter or so..." ~ A.H. Quiggin Best chased (in my opinion) with a little eurodollar crash course (like this) Money, The Unauthorised Biography is one of the better efforts in the genre of "attempting … Continue reading Money (the unauthorised biography)

read in 2019

2019 – A Year in Books

What I read in 2019, the comprehensive list. How to read this list: *  = Recommend ** = Really recommend NC = No comment (or, really, do not bother) RR = Re-read F = Fiction NF = Non-fiction If you trust my reading recommendations, I suggest you purchase a copy of whatever catches your eye … Continue reading 2019 – A Year in Books

The True Believer

The true believer

Eric Hoffer was an American dock worker. An everyman. Not a rich man, not a man you would have noticed in the streets in the 1930s and 1940s. One of the nameless, voiceless masses we live and work with every day. But he was more than that. He was also a keen observer of human … Continue reading The true believer