What is capital, really? And what happens when Bitcoin forces a repricing of everything we think we know about it?

In this reboot episode we're bringing back Capital in the 21st Century by Allen Farrington. A piece that explores the deep connection between money and capital - two concepts often conflated but fundamentally distinct. Farrington dismantles the illusion that money itself is wealth, arguing instead that it is merely a claim on wealth, a liquid mechanism for valuing the things we truly desire. He examines how Bitcoin reshapes our understanding of capital, entrepreneurship, and economic potential energy, weaving in insights from Austrian economics and beyond.

It's very easy to lose sight of what bitcoin is set to fix, and this read really gets to the core of that question. So I'm glad to be revisiting this one, and sharing some more of my recent thoughts around the ideas Allen Farrington brings to the table.

Check out the original article: Capital in the 21st Century — Axiom (Link: https://tinyurl.com/cz4nb667)

The Nature of Money and Credit

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