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Leonard Pokrovski

added blog Economics
2026-05-21 19:35:41 -

How should I manage money in this economy?
How Should I Manage Money in This Economy? There is a peculiar absurdity to modern life. A young engineer earning more nominal dollars than his father ever did cannot afford the house his father bought on a single income. A physician, after ten years of training, leases luxury instead of owning capital. Entire households survive not through production, but through refinancing. Governments...

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Leonard Pokrovski

added blog Economics
2026-05-14 15:26:44 -

What Industries Are Growing?
What Industries Are Growing? There is a peculiar superstition embedded in modern economic discourse: the belief that growth is a naturally occurring phenomenon. Politicians speak of it as medieval priests once spoke of rain. Central bankers promise it with the solemnity of astrologers reading planetary alignments. Venture capitalists baptize every new mobile application as “the...

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Leonard Pokrovski

added blog Economics
2026-05-15 20:15:45 -

Why Do Currencies Change Value?
Why Do Currencies Change Value? There is perhaps no greater modern superstition than the belief that money is stable because governments declare it so. People imagine the dollar to be worth a dollar because the paper says “one dollar,” much as medieval peasants once imagined a king ruled by divine right because a priest anointed him. Yet the market, with its relentless...

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