Heretic's Guide to Global Finance: Hacking the Future of Money

The dominant regime of political economy in the West since 1971, and particularly acute since 2009, has been built on a set of related economic fallacies: There are no adverse consequences to manipulating the price and supply of money; economic well-being can be measured by increases in flows of revenue rather than the growth rate of profit over ca

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Say you are a pension fund that needs an 8% return to meet its liabilities without difficulty. And say that stocks have been inflated to the point that you can in all honesty expect only a 2% return over the long run from here given reasonable assumptions about valuation metrics returning to something sensible at some point. You might be tempted to