Something extraordinary happened last week. As you can guess from the title, it has something to do with Hertz. Loyal readers know I like to throw shade at the Hares of the world, but I am also quick to point out their success. I’m not going to try to push Continue Reading
No, You Shouldn’t Pay Your Insurance With Bitcoin
Elon Musk recently reversed course and stopped allowing Teslas to be bought with Bitcoin. He attributed this decision to his (long overdue) realization that Bitcoin mining is bad for the environment. My guess is another motivation may have been very few people actually were using Bitcoin to buy Teslas. We Continue Reading
Path Dependency, Shortages, and the Future of Inflation
I’ve written a number of times about the Fed and inflation, both with regard to asset prices and in the general price of goods. While the concern over inflation is arguably now consensus, and thus worth questioning if it has been overplayed, I actually think it is just the opposite. Continue Reading
Introducing Informed Insurance
Today’s the big day! At least for me. If you’re looking for a normal post, that will have to wait for next week. Today, hopefully you’ll all indulge me a bit. I’ll make the backstory brief a) since many of you may not care b) because I don’t want to Continue Reading
Ch-ch-ch-changes…
Turn and face the strange… So some things are about to change around here and I thought I should explain it properly ahead of time. I have some big news to announce. Many of you are already somewhat aware, while this may be quite a surprise to others. I have Continue Reading