Intrinsic Macro #42
Perry Mehrling’s money view framework is an economics that is grounded in the tradition of American institutional economics, and I would say, in the broader tradition of political economy. But also in the real practices of countercyclical policy intervention, drawing on the writings of actual central bankers. It allows us to generalize beyond Keynesian versus free market approaches to economics. Mehrling’s approach to understanding money and how it functions in the economy can provide actiona...
Intrinsic Macro #42
Perry Mehrling’s money view framework is an economics that is grounded in the tradition of American institutional economics, and I would say, in the broader tradition of political economy. But also in the real practices of countercyclical policy intervention, drawing on the writings of actual central bankers. It allows us to generalize beyond Keynesian versus free market approaches to economics. Mehrling’s approach to understanding money and how it functions in the economy can provide actiona...
Intrinsic Macro #41
Perry Mehrling’s macroeconomic framework is by far the most approachable way to understand the international banking & financial system. Having this approach available is important in being able to have an adequate public dialogue on the economy. Whereas neo-classical economics is based mostly on game theory and the concepts of general equilibrium and rational preferences, Mehrling’s approach is based in the older tradition of American institutional economics, which is an offspring of classic...
Intrinsic Macro #41
Perry Mehrling’s macroeconomic framework is by far the most approachable way to understand the international banking & financial system. Having this approach available is important in being able to have an adequate public dialogue on the economy. Whereas neo-classical economics is based mostly on game theory and the concepts of general equilibrium and rational preferences, Mehrling’s approach is based in the older tradition of American institutional economics, which is an offspring of classic...
Intrinsic Coordination in Digital Assets
Introduction One of the main narrative headwinds against digital assets since their inception has been the claim that they have no intrinsic value. The notion that blockchains do not have revenues like conventional businesses has presented a roadblock to some investors, while others simply consider blockchains as a type of commodity or a social network that doesn’t have or need any intrinsic value. The main problem with this impasse is that without a fundamental understanding of what digital ...
Intrinsic Coordination in Digital Assets
Introduction One of the main narrative headwinds against digital assets since their inception has been the claim that they have no intrinsic value. The notion that blockchains do not have revenues like conventional businesses has presented a roadblock to some investors, while others simply consider blockchains as a type of commodity or a social network that doesn’t have or need any intrinsic value. The main problem with this impasse is that without a fundamental understanding of what digital ...
Intrinsic Value Thesis for Digital Media
Intrinsic Research Company gives investors / patrons the ability to define market structure and pays contributors for in-depth research, feedback, and questions. Investors and research contributors receive monthly stakeholder dividends on net income of IRC. The Problem: Digital media does not fit into the conventional financial model of fundamental valuation. The dot com era companies had flawed business model assumptions, lacking fundamental value. But even the successful digital media compa...
Intrinsic Value Thesis for Digital Media
Intrinsic Research Company gives investors / patrons the ability to define market structure and pays contributors for in-depth research, feedback, and questions. Investors and research contributors receive monthly stakeholder dividends on net income of IRC. The Problem: Digital media does not fit into the conventional financial model of fundamental valuation. The dot com era companies had flawed business model assumptions, lacking fundamental value. But even the successful digital media compa...
