Zombienomics 2.0: Crypto-Monetarist Austrian Economics Edition

12 min read

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. — John Maynard Keynes JMK, the best investor of his generation (12% C.A.R., 1921–46), can still help us separate the real signal from the noise of the monetarist boy once again crying about the hyperinflation wolf. There’s an updated, crypto-bubblicious version of the old Austrian economics’ gold buggery, repackaged in crypto cool clothing to seduce the unwary like a Gamestop stonk chart on r/Wallstreetbets. Rest assured, it’s the same old Fix It Again Tony FIAT monetarist engine dressed up in…...

This article is free to read

Login to read the full article


OR
Lester Golden I'm a NYer living in Latvia since 2005, after living in Italy from 1989-2005, Spain and Catalonia in 1976, 1980-81 and 1986-87, southern France the summers of 1985 & 1986 and Portugal in the Carnation Revolution summer of 1974. Conversational Russian and Latvian are my 6th and 7th languages. I did channel check research for one hedge fund and a Wall St research firm from 2009-12 and taught Behavioral Investing, Entrepreneurship and History at Riga Business School from 2012-16. Title of my investments course: The History of Human Financial Stupidity--Including Mine. From 1998-2007 I invested in real estate in Latvia and Estonia. Since 2015 I've invested 7 early stage startups, none of which have yet failed, but some of which inevitably will. Best trade: shorting 20m JPY with spot and options trades on FXY in early 2013 Worst trade: long yield-trap MLPs in 2015 My wrestling match with The Great Humiliator: ongoing.

Follow DDI

Gain Access to Expert Views

We won't send you spam. Unsubscribe at any time.