It's a beautiful day for camping. Hope you all had a productive week in the mines, now reorient yourself to your family.

Watching @corndalorian reposting a zero interaction meme for the 3rd time...

There's a new IMF article on stable coins citing them as a risk.https://www.imf.org/en/news/articles/2026/06/16/stablecoins-in-nigeria "Why stablecoins have taken hold The appeal is straightforward. Stablecoins allow users with a smartphone and internet access to receive remittances or make cross-border payments in minutes, often at lower cost than traditional channels. For households and small firms with limited access to formal banking services, this is a practical alternative." Perhaps you are trying to hard to avoid the truth that it's their own government that is the risk to the population. 1. Down 92% against the dollar over 10 year, during which the US was also debasing their currency. 2. Government actions and policy decisions resulted in the rapid wipe out of 30% and another 39% of it's remaining purchasing power in tramatic collapses in purchasing power. The population went to a more slowly melting ice cube because the threat was coming from inside the house.

The Left is viewed as Bureaucratic and the Right is viewed as Autocratic. The Bitcoiner is entrepreneurial, confusing the outside world.

People underestimate the added cost that comes when we require parking on-site. Not only do we lose out on a more productive use for that space, but the upfront cost is actually incredibly expensive and burdensome for new construction. I've seen many otherwise viable projects not pencil because they were required not only to provide excess on-site parking but that it must be structured....

With the end of school I was distracted from finishing our story. In the end, neither choice is a bad route to wealth, but the tax code really chooses to reward the simple path to retirement wealth through 401k's way less than it does using real estate. The way the IRS treats it for your heirs is also so profoundly different. So why do they make one option Frictionless and Mandatory for W-2? #4/4

Chickens enjoyed helping in the garden.

Jane took the path we told her to and went to college and got the W-2. The Drip is now mandatory, captive only to the last life stage. The wealth flywheel continually reinforces the speed with which the excess wealth becomes reinvested, often in complicated tax advantaged forms. #5/6

Over time, the rest of us stopped owning the businesses in a community and that ownership further consolidated upward. Fewer local businesses to support the local sports teams, sponsor the local festivals and use their hard earned dollars using services from other local businesses in the community. When investment is borderless, fractional and public, it becomes extrationary for the return to the individual, external harms be damned. #4/6

As bad practices and fraud among some S&L and local banks provoked a serious regulatory response, it came at the cost of local financial institutions with a nuanced understanding and interest lacking the funds to support the local entrepreneur or developer. Those savings and investment dollars didn't just disappear though, during this time they nationalized. Demise of Local Banking #3/6

When they decided to do away with pensions and make the individual save for their own retirement, they had to incentivize it through the tax code. By taking the money before it ever hit your bank account, you never had to make that choice to save/invest, it happened. And you never had to resist the urge to spend it because they locked it away from you until you get old. Today, policy has created the Frictionless Drip #2/6

New series this week looks at changing policy and well intended decisions addressing specific issues which have unforeseen implications and profound long-term impacts. Friction plays a major role in every life choice we make, when we reduce the friction of one choice relative to another, it becomes hard to swim against the tide. #1 The Default changed #1/6

I'm the @corndalorian of infographics thanks to AI! Information tells stories, this one is about a brick and mortar bloodbath. These were places you ran into people by chance or by habit. Now you don't.

Adjusting your priors is hard. You find your relationship to things becomes anchored in time and feel a dislocation as the current price moves ever further from your anchor.

Life became harder, even as on paper you were making nominal gains in your salary, whether through the bleed of inflation and a growing money supply, or the policy decisions that failed to account for that inflation, reaching deeper in households pockets than ever intended through taxation and surveillance. The Squeeze #7/7

Printing, it seems harmless to those that don't understand and is wonderfully opaque as a tool for those with power. The results, even as the indexes and anchors caused untold harm on a nominal basis, the damage on a real basis to the median household is so much worse. A dime for your time..... Squeeze #6/7

Once the 25 different categories are indexed to today, the median household income tax rates have saved a smidge but not really that much. The Squeeze #5/7

When it's your shelter that's designed to slip away through the scarcity of what, where and how you can build, combined with a financialized product to store wealth. Squeeze #4/7

These three squeezes are crazy. If you are insisting on being in an inflationary system, fixed unindexed figures can dig deep into pockets they weren't originally intended to pilfer. #3/7

#2/7 unindexed figures invade daily life