Joakim Book
Research Fellow
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Unlimited Growth, Forever
“Every popular scare of the past has been side-stepped, improved, or solved, by one or another human effort, usually serendipitously and rarely at all with well-meaning bureaucrats directing the process. ” ~Joakim Book
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Bitcoin Mining and Icelandic Bananas
“Stranded energy and unused electricity are magnets for bitcoin miners, as they take electricity that can’t readily be used for other purposes and turn it into one of the world’s most liquid and globally transferable assets.” ~Joakim Book
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Eating The Rich Won’t Feed the Beast
“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book
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“The Price of Time” and Broken Central Banking
“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book
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Bitcoin Scoops Up Stranded and Excess Power
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
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Check Your Economic Hubris
“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book
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The Beginning of the Modern World: It Was Always the Dutch
“The Dutch Republic was a common destination for a brain-drain of innovators from elsewhere: merchants from the south, bakers from Germany, Portuguese and Spanish Jews.” ~Joakim Book
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On Monetary Premia
“One day we might look back at our cottage industry of diversified funds, tax-favored retirement accounts, capital gains taxes, clever accountants, hedge fund managers, Fed watchers, and army of central bank economists as positively medieval.” ~Joakim Book
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Music Has No Economic Value
“With limited world demand for music, the economic value of that creation, like oxygen, falls to zero. The same isn’t true for the earphones I’m using, since they can’t also be used by anybody else.” ~Joakim Book
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Politicians Talk; Entrepreneurs and Scientists Do
“The worse the inability to get universal political agreement becomes, the better and more cost-efficient become the small-scale, positive-externality, science-based attempts at just doing the work.” ~Joakim Book
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•
Unlimited Growth, Forever
“Every popular scare of the past has been side-stepped, improved, or solved, by one or another human effort, usually serendipitously and rarely at all with well-meaning bureaucrats directing the process. ” ~Joakim Book
-
•
Bitcoin Mining and Icelandic Bananas
“Stranded energy and unused electricity are magnets for bitcoin miners, as they take electricity that can’t readily be used for other purposes and turn it into one of the world’s most liquid and globally transferable assets.” ~Joakim Book
-
•
Eating The Rich Won’t Feed the Beast
“The hungry behemoth that is the US federal government is already eating the rich… Jeff Bezos’ great fortune would finance the government for… less than a week. ” ~Joakim Book
-
•
“The Price of Time” and Broken Central Banking
“The unique value of Chancellor’s book, beyond tracing this intellectual history of interest and illustrating it by financial debacles up and down the centuries, is to connect the social and market outcomes with the broken money markets.” ~Joakim Book
-
•
Bitcoin Scoops Up Stranded and Excess Power
“Overbuilt facilities generate excess capacity, waste resources, and are only needed in extreme events. A consumer-of-last-resort could secure electricity grids and monetize their resilience.” ~Joakim Book
-
•
Check Your Economic Hubris
“No matter how glorious it was for Icarus to fly and how well he thought he could do it, reality has a way of punishing excessive hubris.” ~Joakim Book
-
•
The Beginning of the Modern World: It Was Always the Dutch
“The Dutch Republic was a common destination for a brain-drain of innovators from elsewhere: merchants from the south, bakers from Germany, Portuguese and Spanish Jews.” ~Joakim Book
-
•
On Monetary Premia
“One day we might look back at our cottage industry of diversified funds, tax-favored retirement accounts, capital gains taxes, clever accountants, hedge fund managers, Fed watchers, and army of central bank economists as positively medieval.” ~Joakim Book
-
•
Music Has No Economic Value
“With limited world demand for music, the economic value of that creation, like oxygen, falls to zero. The same isn’t true for the earphones I’m using, since they can’t also be used by anybody else.” ~Joakim Book
-
•
Politicians Talk; Entrepreneurs and Scientists Do
“The worse the inability to get universal political agreement becomes, the better and more cost-efficient become the small-scale, positive-externality, science-based attempts at just doing the work.” ~Joakim Book