The One Rule That Creates All Wealth
Prosperity has one prerequisite: do not steal. Secure property rights enable voluntary exchange, which accumulates capital fairly. The West is collapsing because governments have become systematic thieves.
Prosperity has one prerequisite: do not steal. Secure property rights enable voluntary exchange, which accumulates capital fairly. The West is collapsing because governments have become systematic thieves.
Public debt differs fundamentally from private debt: politicians pledge our wealth, bondholders knowingly invest in future theft, so repudiation restores justice.
Money is neither vice nor virtue but the material expression of human judgment exercised through time. Only parasites hate it.
Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.
Bills of exchange carried a built-in death date and extinguished themselves as goods reached market; modern debt compounds forever by design.
Modern banking systematically transformed from credit creator to deliberate gatekeeper, engineering $2.5 trillion trade finance gap while earning billions from derivatives.
Bills of exchange were capitalism's self-regulating credit mechanism for seven centuries, until governments monopolized money creation and destroyed the entire system.
Financial surveillance enables state control through observation. CBDCs complete the architecture. Privacy breaks the OODA loop at observation, making theft unprofitable.
Sound money emerges spontaneously from markets, not decrees. Bitcoin implements digital soundness with fixed supply and censorship resistance; privacy requires additional tools.
Reflecting on the statement “Bitcoin is not a panacea” and clarifying what Bitcoin is—and is not—designed to solve.
An exploration of two fundamentally different approaches to money: deterministic systems governed by fixed rules, and managed systems governed by human decision-making.
A short reflection on a brief, informal conversation with a Federal Reserve professional—highlighting a few key perspectives on Bitcoin, including the institutional framing around Distributed Ledger Technology (DLT).
Why humility alone isn’t enough — and what Bitcoin and the Gospel share
What would change if the people who pay for wars could feel what they pay?
How Bitcoin's immutable supply echoes God's law of Jubilee and honest money.
We are conditioned to be governed by the worst of the worst and to accept it as the norm.