Joakim Book
Everything Is the Fed’s Fault: A Review of the Fiat Standard
“The aggressive tone aside, the emphasis on a fiat mindset – one where you get something for nothing and can have something merely by decree – is valuable. The thesis remains unproven, but the proposition lingers long after the final page.” ~ Joakim Book
The Meme-Stock Revolution That Wasn’t
“At the end of the day, argues Jakab, most retail investors were left holding the bag. Aside from the identifiable shorts like Gabe Plotkin or Andrew Left, most other Wall Street actors made a lot of money from the episode.” ~ Joakim Book
How the Coddled Kids Graduated But Never Grew Up
“The coddled kids didn’t grow up, and now they’re in positions of authority everywhere. The madness of crowds had long been simmering at the doors of American institutions – then its halls, and then its board rooms.” ~ Joakim Book
Reality Decides, in Economics and Evolutionary Biology Alike
“An evolutionary lens isn’t just a corrective for how to live in the 21st century and how to understand our modern predicaments. It also teaches you how markets work, what constraints reality puts on us, and how to consider outcomes you don’t like.” ~ Joakim Book
How The World Really Works
“Smil’s is much more concerned with what is and what is not physically possible. Thus, his meticulously researched words are for anyone who wants his priors reexamined and feathers ruffled. It’s what the 2020s desperately need.” ~ Joakim Book
The Money Illusion: A Review
“‘Nothing is as it seems in the world of money,’ Sumner concludes, and worse so as of late. In his grand attempt at rectifying the many blunders in understanding the Great Recession, there’s something for everyone to learn.” ~ Joakim Book
The Only Question That Matters: Is It Correct?
“We fool ourselves that our arguments follow ethnic, sex, or demographic lines in what amounts to a wholly unscientific collapse into untethered subjectivity. By concerning ourselves with financial or structural bias, we chip away at the idea of objective reality.” ~ Joakim Book
On Price and Output Volatility: How Bad is Bitcoin’s Flaw?
“The working arrangements of a new generation of freelancing nomads are keen on and capable of handling the discrepancies between many currencies’ relative purchasing power, crypto or old-school.” ~ Joakim Book
Stablecoin Regulation
“All the risks that accompany the danger of overregulation like rent-seeking and regulatory capture is magnified in the event of regulatory failure.” ~ Donovan Choy & Joakim Book
The Long Cycles in Markets and Political Order
“I found Dalio’s thesis much more persuasive than I had anticipated: some historical patterns are real, wave-like, and operate over long horizons. With skill, data, and humility, we can uncover the likely prospects for our own times.” ~ Joakim Book
