“Capitalism is what happens when people drop their time preference, defer immediate gratification, and invest in the future. Debt‐fueled mass consumption is as much a normal part of capitalism as asphyxiation is a normal part of respiration.”
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
― The Bitcoin Standard: The Decentralized Alternative to Central Banking
“The earliest use of writing was strictly commercial and economic, not political or bureaucratic. It was trade, entrepreneurship, and stewardship of private property, not politics, "public education" or the creation of national mythology that allowed humankind to transition from prehistory to history. Just as trade, entrepreneurship, and stewardship of private property have always been on the forefront of civilization's advancement, so were they also the driving force behind civilization's emergence.”
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Lorenza’s 2025 Year in Books
Take a look at Lorenza’s Year in Books, including some fun facts about their reading.
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