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

The Forgotten Man: The 2008 Crisis Never Ended

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. Coding The Financial Matrix: 10 Engines Of Hyperreality

   1. Money’s Metamorphosis

      1. Memetic Monetary Theory: Broken Money Revisited

   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

      1. Part I: The Great Mirror Of Folly

      2. Part II: The Tower Of Babel

   8. HyperMarkets™: “We’re All Quants Now”

      1. HyperMarkets: Postmodern Finance

      2. Are Index Funds Communist?

      3. The Greatest Story Never Told

      4. The Control Surface: Markets As Social Media Feed For Capital

      5. The Engineers and the Price System

      6. Value In The Age Of AI Technocracy (from Value Series)

      7. University In Exile

      8. Ideas In Exile

      9. Markets As Political Utilities

      10. The Birth Of AI

   9. Social Media, Memes, & Machines

      1. A $2.5 Trillion Game Of Telephone

      2. Hyperstitions

   10. The Consumerification of Finance

9. The Price Of Everything & Value Of Nothing: How Skynet Is Digitally Remastering History's Greatest Economic Debate (Economic Calculation)

10. Information Theory, Errors, & The Business Cycle

11. HyperPrices Revisited

12. HyperReflexivity™ & Hyperstitions

13. Algorithms Revisited

    1. A Primer On Algorithms

    2. Flaw 1

    3. The “Euthenization” Of Entrepreneurs

    4. Flaw 2

    5. Flaw 3

14. AI & Algorithmic Investing As New Subprime

15. Economically Blind

    1. The War On The Price System & Economic Calculation

    2. Methodenstreit: The Debate Over Methods

    3. Calculation Problem v. Knowledge Problem

16. 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

17. 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”