Serious investment thinking that doesn’t take itself too seriously.

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The political history of money

The political history of money

A book review. “Those who fail to study the intellectual debates of the past are condemned to repeat them,” is a variation on Santayana’s famous dictum particularly applicable to economics and monetary theory, where ideas cycle along with events. In The Currency...
Jews are leaving Russia again

Jews are leaving Russia again

Originally published August 2022. Is history repeating itself? It’s not the first time that Jews have felt it necessary to flee Russia, but the invasion of Ukraine has resulted in the fourth wave of exiles in the past hundred years. Since Vladimir Putin became...