How The Dollar Became Fiat: An Oversimplified History

Fifty years ago today, one of the most momentous events of the 20th century unfolded. But unlike the well-known events frequently told in schools - fall of Berlin wall, Deng Xiaoping opening China, NASA moon landing, the pill, Hiroshima, the Great Depression, Bolshevik revolution, Ferdinand assassination, Wright brothers flight etc - what happened on 15th [...]

Quarterly reading list [2020 Q2]

Commentary on every book I read in the quarter, covering: why I chose to read it, some insights and quotes, and review. Not intended to be a summary.   Why We Sleep, Matthew Walker (2017) It's a truism to say sleep is important - along with nutrition, stress management, and exercise. Yet I still found [...]

Ergodicity: the Most Over-Looked Assumption

Consider two ways of making purple. Method 1: Alternate red and blue squares. With enough squares, purple emerges. Method 2: Make square alternate between red and blue. With short enough time intervals, purple emerges. First method made changes in the space (ensemble) dimension. Second method made changes in the time (temporal) dimension. Both converged to [...]