Table Of Contents

Begin Here

In memory of Paul Cantor, whose “Hyperinflation and Hyperreality” work inspired the Sorcerer’s Apprentice, and whose gracious feedback on our 2021 manuscript meant more to us than he knew.

Preface

Introduction

1. Mr. Market’s Schizophrenic Break Of 2020

2. Echoes Of The Cave

3. Reality Tunnels

4. Chapel Perilous: The Death Of The Real

5. The Financial Matrix

6. The Rise Of Meme Magic

7. Snow Crash

   1. Snow Crash: A Prophetic Vision of Our Digital Dystopia

8. 10 Milestones On The Road To Hyperreality

   1. Money’s Metamorphosis

   2. Keynes’ Kaleidoscope

      1. “We’re All Keynesians Now”

      2. The Underpants Gnomes Guide To Macroeconomics

      3. The Vibes Economy: Coding The Financial Matrix

   3. Central Banks’ Money Printer Go BRRRR

   4. Silicon Shadows: The Digital Detachment Of Economics & Finance

      1. Through The Looking Glass

      2. The Encoded Economy

   5. The Rise of SkyNet: The Algorithmization Of Finance

      1. Ghosts In The Machine

      2. HyperPrices: When AI Rewrites The Invisible Hand

      3. Algorithmic Terraforming

      4. Black Box Bedlam

         1. Flash Crashes, Meltups, And Glitches: A Chronology

      5. Trading Beyond Reality’s Edge: Engines Of Hyperreality

      6. Silicon Sorcery: Code’s Captive Markets

   6. The Institutionalization Of Finance

   7. The Symbolic Alchemy Of Risk

   8. “We’re All Quants Now”

   9. Social Media & “The Ecstasy Of Communication”

   10. The Consumerification of Finance

9. Economic Calculation

10. Information Theory, Errors, & The Business Cycle

11. HyperPrices Revisited

12. Algorithms Revisited

    1. A Primer On Algorithms

    2. Flaw 1

    3. The “Euthenization” Of Entrepreneurs

    4. Flaw 2

    5. Flaw 3

13. Algorithmic Investing As New Subprime

14. Economically Blind

15. Investment Implications

    1. Profound Changes Visible On Investment Horizon

    2. Economically Blind Investment Decisions

    3. Hyperreality Implies Multiflation

    4. Hyperinflation & Hyperreality

       1. Thomas Mann’s Disorder and Early Sorrow

    5. Stages Of Inflation

16. The Multiflation Manifesto

    1. Multiflationary Risks Building

    2. Why Didn’t Significant Price Inflation Materialize From 2011-2019

    3. Why Multiflation Is A Threat Now

    4. Inflation & Multiflation Can Rapidly Spiral Out Of Control

    5. Investment Themes

#multiflation #mises #hayek #ABTC #ATBC “socialist commonwealth” “knowledge problem”