In my previous post on the history of modern monetary systems, I examined the gold standard regime that underlined international trade between leading world economies in the second half of the 19th and

I ran into Churchill’s autobiography when browsing through the Nobel laureates. At first I was surprised to find him amongst the awardees and convinced that the reward was rather to honor his WW2 efforts.

Another of Isaacson's biographies, this one of a great renaissance man Leonardo da Vinci. He was a controversial man in many ways. Was not a mathematician or physicist, yet he derived so many rules correctly

Mayflower, early farmers, tobacco, taxes, cotton, steam, railways, gold, slavery, telegraph, beer, patents, oil, steel, machines, light, retail, guns, media, unions, meat, trusts, automobiles, fast food

In my previous post on decentralisation of money, I briefly examined the role of the state in domestic and international monetary arrangements through history. In a series of my next posts, I will delve

Short history of money from barter to modern fiat currencies and “plastic” money. Interesting ideas: Power of the ability to print money, which is currently dominated by state monopolies. I was writing

Harari is exploring the next steps in the evolution of human, which he calls homo deus. If this is the future, it looks scary... Interesting thoughts: Humanity has successfully overcome wars, famine and

From a purely economic point of view, money has three basic functions: it serves as a unit of account, store of value and means of exchange. From a political standpoint, however, money can first and foremost

Ray Dalio’s reflections with focus on his core principles and his management approach called idea meritocracy. Interesting ideas: Principle as a tool to handle reality. Ray tries to understand what are

Insight into the evolution of debt, from 3,500 BC onwards. Interesting facts: Debt/credit precedes money. The author argues that debt and credit offer more logical explanation of ascent of money than

With promises of services such as LedgerX to introduce derivatives such as swaps and options on digital currencies, partially reducing counter party risks with external clearing institutions, its time