At the beginning of 2019, I started becoming interested in macroeconomics and business. I liked the thought of starting my own business, so I began looking for sources of information. Where do all of us look for information most easily? Exactly—YouTube. Today, it is the most accessible source we have. Somehow, that is where I came across a few entrepreneurs—or at least self-proclaimed entrepreneurs—who explained that you cannot build a business because you do not have all the

We all know the theory behind saving money, but most of us simply fail to do it. Some people are unable to save because they are just broke — the money simply isn't enough to get them from one month to the next. Others, however, earn enough that they could actually save something. And when I say "save something," I don't necessarily mean saving thousands of euros every month. In my mind, even managing to put one euro aside counts as saving. It may not seem like much, but the

One of the biggest realisations I have had in recent years is that financial education begins at home, not at school. You would be surprised by how many people earn enormous amounts of money and still end up broke because they never developed a vision for their future—or simply never learned how to manage their money. Why does society have such a complicated relationship with wealthy people? I am not talking about doctors, who may earn more than the average person but have no

In the last post I talked about inflation and how it represents a generalized rise in prices and a permanent decrease in purchasing power. I know I mostly focused back then on inflation caused by the growth of the money supply, but inflation actually has a lot of possible mechanisms. In this post I’m trying to go through all of them and explain them. As a basic rule, inflation caused by printing money is not the main cause of inflation. Naturally, inflation appears when there

In one of the past posts I said we’d address the problem of inflation. Somehow, every time we looked for solutions to different problems, we kept running into the problem of money. We said we can’t grow incomes fast enough, because productivity can’t be grown fast enough either. So how do we address the money problem? Well, another way to visualize the situation is to imagine a big bucket of water, and inflation is a small hole in that bucket. Normally the hole is just big en

What do you say we do an exercise in imagination today? What if we reinvented society and human civilization? Obviously, this can only be a theoretical exercise, because in reality things are much more difficult to change, and neither you nor I have any real power to do something like this. In my imagination everything can be changed very easily.. I don’t necessarily think being a dreamer is a bad thing. I have been like this my entire life. When I was in kindergarten, I used

Hi, my dears. How was your day? What adventures did you get up to today? I'm curious what season it is outside when you'll read these lines. Right now, here in Colmar, it's summer, early August, with temperatures around 30 degrees. In a few days you'll both get to enjoy the sandy beach in Spain, and Laura, you'll finally be able to get into the pool you've missed so much. Luca, you're still little, you still need some time before you can go in the water. Today, my dears, I wa