Operation Saylor - Episode 12/120

Hi again and welcome to another episode of the Operation Saylor. This is update number 12, corresponding to June 2023.

If you are reading this for first time, you might want to check Episode 1, where my plan and details are explained. That will get you in context.

We are getting close to the one year anniversary of Operation Saylor but we are not quite there yet.

June has been a regular month with not much going on. I had to sell a few sats for a second time in order to get some euros to pay the loan installment. It always hurts to bleed part of the stack, even if it's a small part. It helps me to think as if I didn't really own this bitcoin yet, and only once Operation Saylor finishes I should call whatever is left mine.

For the rest, I've been having a blast reading Saifedean's Principles of Economics. I still haven't finished, but I don't think that will take long since I'm chewing through the book like a kid with an ice cream. The clarity of the explanations is on a different level, and I feel that finally somebody is tying all the important economics concepts together in a simple to understand yet rigorous way. It makes me want to buy a book-firing gatling gun and just go around giving a copy to everyone, because it hurts to see so many people not understanding the economic reality that surrounds them.

I have studied economics for many years, on and off. I have gone full circle from the kid's intuition to swallowing the Keynesian models to discovering Austrian economics (largely, thanks to Bitcoin). And I would guess my story probably looks like many of yours: Keynesian models never made a lot of sense to me. I studied all of this complex equations and mathematical models that made no sense, and economics became for me this thing that looked different on the whiteboard than in the real world. Other students and I would joke about how economic models made all the sense, yet they would completely breakdown on any contact or comparison with reality.

After I fell down the rabbit hole, I started to read some classic works by Hayek, Mises and Menger. I have also consumed all sorts of Austrian economics content online, as well as the other two books by Saifedean. It has been very exciting to learn, but I also felt like the different bits of knowledge weren't well organized in my mind. I would be able to discuss many topics, but if you have placed a 16 years old kid who knew nothing about economics in front of me and told me: "Teach this kid economics from scratch. Go.", I would have probably just puked a random string of isolated ideas that wouldn't have made a lot of sense to the poor boy.

Saif's book makes such an incredible work at explaining this properly. Every chapter just makes sense. It builds up so nicely. It's like after so many years, the rubik's cube of economics in my brain is finally getting all the sides with a single color. It feels magic.

It's also funny because it has given me such clarity that now I spot stupidity everywhere from people's comments on economics. Or perhaps it would be better to say I was already spotting those before, but this new clarity allows me to build comebacks and counterarguments at the speed of light, as well as to pinpoint exactly where are the flaws in their arguments. It certainly makes me wanna pick fights with all the politicized idiots with zero knowledge who make bold and wrong statements to justify their absurd policy proposals. But I'll restrain myself because, what is the point of trying to educate someone who doesn't want to learn?

I'll leave it here for this month. As always, thanks for reading. I'll see you next month with a small surprise to celebrate the anniversary of Operation Saylor.