The Magic of Fractional Reserve Banking

In the interests of complete openness...

There is a remarkably simple test for whether something has intrinsic value

It's not about cycles and trends, but pattern and randomness

A taste of what Iceland has to offer geologically

How does one value crypto's poster child?

Yesterday was Iceland National Day and was a lot of good, clean fun Fortuitously I was in Reykjavik on National Day. Here are some pics....

The combination of central bank weakness and fiscal policy error is a toxic one