Scarcinality

The series

The Theory, One Step at a Time

The treatise is the whole argument at once. This is the same argument unpacked in order, each post taking one move and making it plain. Read top to bottom, or jump to the piece you need.

01

Scarcity Isn't Flat

Economics calls itself the study of scarcity. So why has it never asked whether some shortages outrank others?

Published
03

The Counterfeit

How a shortage of money puts on the costume of a shortage of things. Why full warehouses can sit next to real hunger.

Published
04

Is Money's Speed the Lifeblood?

Velocity is the lifeblood, but it is a symptom and not a cause. Hoarding and slowdown are one event seen from two sides.

Published
05

The Engine and the Surface

Fisher’s nine-step chain is the engine. The Phillips curve is the surface it shows up on. And that is why the curve keeps breaking.

Published
06

Two Faces of the Same Collapse

Debt-deflation and stagflation are not opposites. They are one descent in two monetary regimes, and the phase plane shows why.

Published
07

The Clock Is the Enemy

Acute versus chronic scarcity. Why the speed of the rescue decides whether a fake shortage hardens into a real one.

Published
08

Watch the Canaries

Housing and autos are credit before they are goods, which makes them the first place a descent shows. The bridge from theory to the dispatches.

Published

The full argument is already complete in the treatise. These posts are the unhurried version.

Read the treatise