You just can't win. If you're rich, like Bill Gates, and say crypto is a bad idea, then you're just an old codger holding on to what power you have before the future leaves you in the dust. If you're not rich, then…
One's a mirror of the other. Stocks and flows are primal values; prices are dual values. And if you live in the nice kind of economy where there're no fixed costs or nonlinearities, you can translate between the two…
You just can't win. If you're rich, like Bill Gates, and say crypto is a bad idea, then you're just an old codger holding on to what power you have before the future leaves you in the dust. If you're not rich, then…
One's a mirror of the other. Stocks and flows are primal values; prices are dual values. And if you live in the nice kind of economy where there're no fixed costs or nonlinearities, you can translate between the two…