Economics

What is money but tokenized time and energy?

Mantra

Money is the fiction that makes the world go round.

The Flow

How does value move through the system?

Money → Markets → Capital → Infrastructure → Value → Money

Stage	Question	Where
Money	What makes it valuable?	Money
Macro	How do economies work?	Macroeconomics
Micro	Why do people choose?	Microeconomics
Markets	How is value exchanged?	Marketplaces
Cycles	Where are we now?	Business Cycle
Capital	Where should it flow?	Capital

The Two Lenses

Lens	Focus	Question
Macro	Systems, nations, global flows	How does money move through economies?
Micro	Individuals, firms, incentives	Why do people make the choices they make?

Capital Flow

How should capital be allocated?

Model	Mechanism	Problem
Traditional	Banks, VCs, institutions	Gatekeepers, slow, extractive
Participatory	Tokens, DAOs, DePIN	Users become owners

See Capital Flows for the full picture.

Context

• Money — What makes it valuable?
• Capital — Where should it flow?
• Bitcoin — Sound money
• Investing — Putting money to work
• Thinkers

Resources

• Forward Guidance