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Why Bitcoin Was Created

The 2008 crisis, the Halloween whitepaper, and the newspaper headline embedded in the very first block.

What Actually Causes Inflation? — Part 1 of 3

Oil Shocks Can't Cause Broad Inflation (On Their Own)

When gas prices spike, that causes inflation — right? Think about how your household budget works.

What Actually Causes Inflation? — Part 2 of 3

The Real Definition of Inflation — and Why Technology Should Make Life Cheaper

If technology makes things cheaper to produce every year, why do most prices go up every year?

What Actually Causes Inflation? — Part 3 of 3

So Why Do We Need a Growing Money Supply at All?

The 2% inflation target is a policy choice, not a law of nature. Who chose it, and who benefits?

Where Does New Money Come From?

Most new dollars aren't printed — they're created by banks, every time they approve a loan. Confirmed by the central banks themselves.

How Inflation Quietly Erodes Your Purchasing Power

Prices aren't rising — the dollar is shrinking. Here's how purchasing power erodes every year, what it costs you, and why the drift is a policy choice.

Who Actually Benefits From New Money? (The Cantillon Effect)

Since 2009, the S&P 500 rose eightfold while real wages barely moved. The Cantillon effect explains why — structural, not political, and 300 years old.

Where Does New Bitcoin Come From? (And Why It Stops at 21 Million)

New bitcoins enter circulation through mining, on a schedule that halves every four years and terminates near 2140. Here’s how the 21M cap actually holds.

Sats vs Bitcoin: Why Everyone Will Start Saying 'Sats'

A satoshi is one hundred-millionth of a bitcoin. Here's why the everyday Bitcoin conversation is migrating to sats, with no price prediction required.

The 2008 Financial Crisis, in Plain English

What actually caused the 2008 financial crisis, in plain English: from subprime mortgages to TARP, and why the Fed response permanently changed money.

Does the Fed Actually Print Money?

The 'money printer' meme is half right: the dollar does keep losing value. But the Fed doesn't operate a press, and most new dollars aren't printed at all.

The Bitcoin Whitepaper, Explained

The Bitcoin whitepaper is a 9-page PDF posted on Halloween 2008. Here's what each of its 12 sections actually says, in plain English — no math required.

What Are the Four Functions of Money — and How Does Bitcoin Score?

Money has four functions: medium of exchange, unit of account, store of value, standard of deferred payment. Bitcoin scores well on one, weak on others.

The World Is Supposed to Be Getting Cheaper

Technology has made the world radically cheaper to produce — so why does life cost more? The suppressed deflation absorbed into the dollar, explained.

Is Deflation Actually Bad? It Depends Which Kind

Is deflation bad? It depends which kind. The 1930s debt-deflation spiral was dangerous; 19th-century productivity deflation was not. How to tell them apart.