We live in a world of unearned income
We live in a time of unearned capital
Welcome to the age of Mass Rentiers

Central Banks or The Gold Mine of Monsieur de Cantillon
In the future most of the advanced world population could rely on a small rent

Bitcoin: A Clockwork Pie
Bitcoin is a new kind of asset, that has got much attention since its inception in 2009. It is a totally digital asset, for some is a currency, for others is a commodity or store of value. It is something so new that the opinions about it are contradictory and it is pretty hard to […]

One Bubble to rule them all: US Big Tech
One Bubble to rule them all: US Big Tech

A History of Bubbles
What if you want to repair the mobility elevator at least for yourself? In this case, financial markets offer a very powerful but also dangerous tool, a sort of nuclear lift: asset bubbles.

Monsieur De Norpois’ bad advice
Since the 19th century, investors were faced with the choice between different asset classes. Psychologically, people prefer a fixed income: in their eyes, this stock does not fluctuate in value. Unfortunately they are brutally wrong. A very juicy portrait of a doubtful investor and a bad advisor is given in Marcel Proust’s In Search of Lost […]
A universal truth
It is a truth universally acknowledged that a single man in possession of a good fortune must be in want of a wife. This is one of the most famous incipits in English literature: “Pride and Prejudice” by Jane Austen. We will focus on the fortune side of the equation, as money, that is unearned […]
Standing on the Shoulders of Giants
We live in a world of unearned income. We live in a time of unearned capital. Welcome to the age of Mass Rentiers. Nowadays working is not enough to make a decent living. Many explanations have been proposed. Income inequalities have been pointed out in particular as the major cause of this phenomenon. A few […]