In my opinion, the cover of the Taiwanese-produced English translation of "Broken Money" is one of the coolest covers ever.

This is indeed a very strange chart.

One of the biggest red flags is a lack of curiosity, or boredom. Fellow traveler, don't you realize how wondrous everything is? Don't you realize that the existence of unsolved mysteries, puzzles, and questions that even the wisest among us admit we cannot answer is a miracle in itself? Don't you realize that our very existence—our consciousness, our ability to marvel at the stars and their mysteries—is a miracle in itself? If you don't seek wisdom, I don't know how to comfort you, but you are likely wasting this precious time we have to experience. Of course, life can be painful, stressful, and unsatisfying at times. Undoubtedly. But that's life. All we can do is try our best to live each day, and if possible, spend more time reading and reflecting on those challenging questions. I am incredibly grateful to have this time to seek wisdom! 😸🙏

A major pitfall in life: Harnessing dopamine from information gathering. The dopamine from information is as dangerous as a drug. The moment you stop searching for more information and start taking action using the information you already have, your life will be completely transformed. Harvest dopamine from action.

Bernanke (2008): Quantitative easing is temporary; the Fed's balance sheet will soon be smaller than it was at the beginning. Well… we tried it! @federalreserve

Remember Dogecoin? And what about their promise to cut the deficit by $1 trillion? Anyone actually believed that?

I have some irrational criticisms of Powell, but I wouldn't rank Greenspan, Bernanke, or Yellen ahead of him. The crux of the issue lies in fiscal dominance and the nature of centralized structures.

At the press conference, Powell stated that a monthly balance sheet expansion of $20 billion to $25 billion is the new benchmark for maintaining ample reserves, and they are currently expanding by $40 billion to address liquidity issues and make up for the liquidity gap before the April tax filing deadline.

Printing has begun. 🚂

Every six weeks, the entire macroeconomics sector pauses all work to closely monitor the Federal Reserve's moves, and then...