Val PopovSilicon Valley Bank, duration and the persistence of inflation.More than a year ago, I wrote a post on inflation, in which I pointed to the combination of massive fiscal deficits and massive QE as the…Mar 13, 2023Mar 13, 2023
Val PopovGeneral Theory of InflationWell, we don’t have one, at least not one yet.Oct 10, 2021Oct 10, 2021
Val PopovMoney as Memory of the FutureI am a big fan of fiat money. In my view, it is the most underrated innovation in human history, innovation that has contributed…Jun 27, 2021Jun 27, 2021
Val PopovGain-Loss Utility, Equilibrium and Interest Rates.Those of you who follow me on Twitter know that my economic views do not fall neatly within any of the established schools of thought…Mar 14, 2021Mar 14, 2021
Val PopovThoughts on Tesla and the recent market sell-off.It’s been a year since I last wrote about Tesla. It feels like a lifetime ago: a pandemic, lockdowns, 15% unemployment, 500K coronavirus…Mar 7, 2021Mar 7, 2021
Val PopovBitcoin is not hard money, but it is valuable nonetheless.Now that Bitcoin has reached another all time high, the Bitcoin debates are starting anew. Is Bitcoin a speculative asset bubble, as…Jan 3, 2021Jan 3, 2021
Val PopovGeorge Floyd marks an inflection point.I mostly write about economics, but here I want to share my thoughts on the protests in response to George Floyd’s brutal and cold-blooded…Jun 21, 2020Jun 21, 2020
Val PopovErgodicity, Utility, EMH and Tesla.Ergodicity Economics (EE) is bringing some excitement to decision-theory nerds like myself. Basically, EE attempts to dispense with the…Feb 8, 20201Feb 8, 20201
