How The Dollar Became Fiat: An Oversimplified History

Fifty years ago on this day, one of the most momentous events of the 20th century unfolded. But unlike the well-known events often taught in schools such as the fall of Berlin Wall, Deng Xiaoping's opening China, the NASA moon landing, the pill, Hiroshima, the Great Depression, the Bolshevik revolution, Ferdinand assassination, Wright brothers flight [...]

Commodity Price Rise Not Necessarily Inflation Warning

As we head into mid 2021, commodity prices shows no signs of slowing down. Some say this is a warning sign of oncoming inflation. Intuitively, this could be interpreted as an indicator inflation. But commodity prices and consumer price inflation (CPI) are actually a lot less correlated than what most people may think. The two [...]

Prisoners of Geography: An Indispensable Primer on Geopolitics [book notes]

Prisoners of Geography: Ten Maps That Tell You Everything You Need To Know About Global Politics, Tim Marshall, 2015 (Amazon US;Amazon Australia) Snapshot Explores the geographical dimension in geopolitics, putting key historical events into context. While geopolitics can quickly become complex, there are certainly recurring themes: access to water transport routes, natural resources etc. Familiarity [...]