No. 4: What Is Tokenized Time?

“Be selective with whom you spend your time; wasted time is worse than wasted money.”

Lao Tzu, not the guy who wrote The Art of War

Addison WigginDear Reader,

Here’s my most favorite idea from the year.

Time is truly valuable. In fact, George Gilder calls money “tokenized time.” That idea forms the foundation of his upcoming book, Life After Capitalism. But what the hell does it mean?

Before we get into it, I should mention that George has a long history of seeing the economy for what it really is. The first bestseller that he wrote, Wealth And Poverty, helped make him one of Ronald Reagan’s most quoted authors.

Early on, George recognized how semiconductors and microchips would revolutionize the world. In the 1990s, he coined the term “Metcalfe’s Law” — which described how a network’s expansion makes it exponentially more valuable. Today it can be applied to the profit potential of cryptocurrencies.

In a related vein, Mr. Gilder thinks wealth can be measured by how long it takes someone to earn the things they need to live. He calls it time-prices, and “it continues to advance at a tremendous pace and despite the complete comedy, tragic comedy of global governments today.”

His theory helps explain why Wall Street isn’t bothered by the government’s money-printing spree… and why gold is still trading sideways despite all of the factors in its favor.

Click here to learn more

You can catch our full interview with George Gilder from July 24, 2021, right here.

It’s truly a revolutionary idea… and one I expect to return to in the New Year. Learn all about it by clicking the photo above.

The countdown continues tomorrow.

Follow your bliss,

Addison Wiggin

Addison Wiggin
Founder, The Financial Reserve

Addison Wiggin

Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s critical eye on finance and economics continues today. He’s also creator and editorial director of Agora Financial’s daily missive The 5 Min. Forecast.

Recent Alerts

Crypto Freeze

“Not your keys, not your crypto,” warns our resident crypto geek Chris Campbell. “Take your security seriously.” Read More

Power to the People (Options)

“The ability to trade any market, anytime, from anywhere has changed everything,” says options-trading expert Alan Knuckman. Read More

Ukraine and the End of the Dollar

U.S. officials are talking about imposing what amounts to the financial death penalty on Russia… But Russia has given themselves a reprieve. Read More

Cuban Missile Crisis Redux

The proverbial “geopolitical tensions” involving Russia have a funny way of bubbling up around the Olympics. Read More

Pain and Suffering (Crypto)

“If you believe demand for BTC will grow in the coming years,” says crypto expert Chris Campbell, “a lower Bitcoin price in the short term is a good thing.” Read More

2022 Outlook: Gold

In contrast with the mainstream, Jim Rickards says gold will reclaim its 2020 record highs this year. Read More

The Amazing Shrinking Stock Market

“If there is a bright spot in the economy today, it is in the abundant flow of private and public capital,” says our resident futurist George Gilder. Read More

The Fed vs. the Stock Market

After more than three decades, it’s possible the Fed no longer has the stock market’s back. Read More

Bombshell 2022 Crypto Forecast

Crypto investor James Altucher predicts: “Ethereum will be the next trillion-dollar coin, hitting $100,000 before 2023.” Read More

2022: Inflation-Proofing Your Portfolio

“You can continue to grow your wealth in 2022 even though different stocks will be leading the market forward,” says our retirement specialist Zach Scheidt. Read More