Prior to the 2008 crash experts expected the world to continue in the manner in which they were accustomed. This didn't change until they were well past the edge of the cliff.

It wasn't housing itself that caused the 2008 bubble. If it hadn't been housing, ...

Let's take a look to the first and second laws of thermodynamics:

• First law states that energy cannot be created or destroyed and that the total amount of energy in the universe must remain the same.
• Second law states that energy always moves f...

In 1943, American psychologist Abraham Maslow proposed a theory that all humans possess a hierarchy of needs from basic need to self-actualization: some needs were more important than others, and needs on one level must be satisfied before the ne...

You and a friend are caught by police for committing a crime together. The time in prison for the crime are ten years. Police hold you in separate cells with no communication possible.

They don't have enough evidence to charge you with a more serious crime, but they do for ...

Our thinking is determined by our cognitive biases, resulting in us accepting information which fits our actual beliefs and refusing those which opposes our beliefs. Let's take a look to two common cognitive biases:

• Anchoring effect ha...

• If you confess and your friend does not, you will go free. You will spend zero years in prison and your friend willl get the full ten years.
• If you both confess, you will each get five years in prison

You must assume that they are about to give your friend the same offer ...

This line of thinking in politics is the liberal/socialist/communist camp. It goes by the principle that the system should be fair for the disadvantaged, so we must tax the wealthy more to pay for the services to the poor.

One of the more prominent proposal...

Technology is deflationary. Our economic systems were not built for a world driven by technology where prices keep falling. They were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made...

All around the world we encounter with rising prices, but this rise in prices is artificially driven by an enormous rise in credit and debt.

Governments and central banks will do almost anything to stop deflation

Solar energy changes everything. With the actual technology the surface area required to generate all of our needed energy is 496,805 square km.

The price per watt with solar energy has dropped from $256 in 1954

Despite being just a hypothetical situation, prisoner's dilemma reflects in an accurate how we tend to behave. Oftentimes the decisions that are best for us are at odds with each other.

We can see some examples of this:

• Drugs or doping in sports: if no one uses t...

According to Ray Dalio there are only four levers governments can pull to escape debt crisis:

• Austerity - spending less
• Debt defaults/restructuring
• The central bank printing money or other guarantees
• Wea...

In this scenario we have continued low or negative interest rate environment, central bank printing, modern monetary theory, or other guarantees to keep the party going.

The greatest irony of this camp is that it has the highest belief in a free-market ...

The future will be ruled by those who hold the keys to AI and technology. Within this race for power we distinguish different actors:

• Public entities such as governments.
• Private corporations such as Google and...

One of the pillars of capitalism is a free-market system. A near-constant flow of innovative entrepreneurs breaking monopolies and then themselves creating new ones.

The term "creative destruction" was coined by Austrian American economist Joseph Sc...

Nowadays most of the success in AI is really machine learning or "narrow" artificial intelligence, not general purpose AI. But while it is easy to dismiss narrow AI and believe in our own superiority, AI that can beat humans at different domains has enorm...

This strategy has only one endgame:

1. Higher inequality.
2. People losing hope in the system due to not being able to mke ends meet.
3. More polarization.
4. A rise of leaders that use the polarization to ...

Our need of belongingness is inherent to us, as humans we are constantly categorizing ourselves and others into groups. F.e. nationality, religion, job, personality...

Groups don't necessarily need to be formal, we can belo...

If technology-driven price declines continue to the point of something becoming free, we let that happen too. People will no longer have to be on an endless treadmill to pay for things that are constantly rising in price.

Prices of ...

Determining the right amount of basic income differentiated for needs becomes difficult to reasonably achieve.

The most important problem with the solution is simply this: it does not deal with the root cause. 

Deflation is being caused by technology and, because of t...

Since global debt is already so high and expanding quickly, a reset of debt is needed in any truly viable solution.

Controlling the value of money can lead to abuse of power - especially if the currency is underlying other currencies.

A system that is...

Bitcoin (and other cryptocurrencies) is an attempt at a solution. The promise of Bitcoin was to create a system that was decentralized in nature, unable to be manipulated by anyone - including governments. 

With Bitcoin limited supp...

Occam's razor states: a simpler solution is more likely to be correct than a complex one.

What if, instead of trying to stop deflation at all costs, we embrace it? As technology spreads, deflation happens at the rate it sho...