#capital-theory
7 items · 7 articles
Articles
The Missing Credit Layer
The parallel economy has sound money and encrypted communication but still lacks the credit layer needed to finance production across time.
The Capital Structure of War
Cheap drones expose the state's war machine: centralized militaries accumulate fragile capital while decentralized force converts low-cost tools into strategic advantage.
The Engine of Prosperity: How Four Sources Drive All Economic Progress
Four sources of economic progress form an interdependent system that emerges spontaneously from voluntary exchange when property rights remain completely intact.
The Consumption You Call Saving
Holding money does not defer gratification but consumes the opportunity cost of lending, making hoarding a present expense rather than proof of low time preference.
The Price of Patience
Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.
The Price of Patience
Hoarding is not low time preference; only lending expresses it. Wealth lowers time preference via diminishing marginal utility, not the reverse.
The Praxeology of Privacy ~ Chapter 8: Capital Theory and Entrepreneurship
Privacy infrastructure is capital requiring present sacrifice for future capability. Entrepreneurial discovery drives innovation. Markets coordinate heterogeneous privacy tools most effectively.