"Ages: following the big bang 13.8 billion years ago, time passed two-thirds of the way to the present before the formation of the Sun 4.57 billion years ago. Rescaled to a calendar year, starting with the big bang at 00:00:00 on 1 January, the Sun forms on 1 September, the Earth on 2 September, earliest … Continue reading Timeline of the Human Condition
Category: blog post
Stable Anchors & Financial Dominance
"The less dominant the U.S. economy is, the less the dollar can function as a stable anchor for the global financial system. It was still intact in 2008-10, when a global financial crisis sent capital flooding to the safe haven of U.S. government bonds. But in recent years, people have begun to question whether Bretton … Continue reading Stable Anchors & Financial Dominance
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