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Algorithm

Disrupting the state's narrative to expose fiscal decay, policy deception, and why Bitcoin matters.

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Substack
PricingFreemiumPublishesDaily
Issues209Founded3 years agoLast Issue5 days ago
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Latest Issues

Nazi MEFO Bills: The Economics of War

In the decade after the First World War, the Treaty of Versailles imposed severe restrictions on German armaments and military expenditure. These measures were intended to prevent any resurgence of aggression, yet by 1933 the National Socia...

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Passive Investing and the Approaching Threshold of Instability

The structure of financial markets has undergone a profound transformation over the past three decades. What was once a system dominated by active participants who assessed valuations and fundamentals has shifted towards one overwhelmingly...

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Why Asset Prices Continue to Rise

Asset prices across the globe have reached new highs even as economies face significant disruption. In recent weeks, the US and Japanese stock markets attained record levels, while major indices in Germany remained stable, the FTSE 100 rose...

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The Imperative of Growth in Modern Currency Systems

Every currency system in the world, as currently designed, must expand or falter. This structural requirement shapes economic reality far more than is commonly acknowledged. Individuals observe that their earnings, while nominally stable, p...

12 days ago
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The eCash Bitcoin Fork

On 24 April 2026, at the Bitcoin 2026 conference in Las Vegas, developer Paul Sztorc announced eCash, a proposed hard fork of Bitcoin. Scheduled to activate at block height 964,000 in August 2026, the project has rapidly become one of the m...

13 days ago
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