I was trained for 6 years in economics. Not exactly proud of it, mainly because of the largely “useless” macroeconomic models that I had to familiarise myself with. They were largely unintuitive and cluttered with many unrealistic or even ridiculous assumptions. Microeconomics was different though. Not so cumbersome and I especially enjoyed game theory and healthcare economics. What I learnt are still relevant and applicable in this day and age. The relationships between the economy, fiat, gold and bitcoin are uber complex. But hopefully I can use my background in Microeconomics to take a good stab at explaining the issues at hand. 1. Money Printing Is A Distribution Problem Let’s imagine there are 3 people in a simple economy and these are their current respective levels of wealth:

• 90th Percentile: $90 (Richie Rich)
• 50th Percentile: $20 (Average Alan)
• 10th Percentile: $10 (Poor Pat)

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