Fiat Money, Fiat News

Ron Burgundy: Discovered by the Germans in 1904, they named it San Diego, which of course in German

Want to continue reading this and the other 1,500+ essays you won't find anywhere else?

Already a subscriber? log in here

To learn more about Epsilon Theory and be notified when we release new content sign up here. You’ll receive an email every week and your information will never be shared with anyone else.


  1. Avatar for Pat_W Pat_W says:

    Another lonely comment sent into the past as I sift through old posts.

    Ben, I wonder how often I need to read your articles, outline them, and set tasks for myself, like homework, to identify fiat news naratives. It is a huge effort to drag things tickled by your articles out of my subconscious and into the light.  The point of narrative construction by the media, or by speakers liike Trump, Hitler, any good politician, is to repeat and insinuate until the the narrative sinks into the subconscious, from which it rules one’s thinking.  The narrative and my intelligence become bonded, or if you prefer, the narrative enslaves my intelligence.  I prefer the latter description.”

  2. Avatar for bhunt bhunt says:

    I have spent my professional life in the study of narrative, Pat, and it is as difficult for me to break the ubiquitous chains of narrative today as it was 30 years ago. We are all hardwired to respond in certain ways to narrative, and the Missionaries know it!

  3. This holds up so well today. Do you think we are at a point where everyone knows that everyone knows not to trust the tech giants?

  4. Avatar for bhunt bhunt says:

    I think we’re close.

Continue the discussion at the Epsilon Theory Forum


Avatar for bhunt Avatar for Pat_W Avatar for bigalbowski

The Latest From Epsilon Theory

This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.