Ever wonder why traditional monetary policy keeps failing to predict or control inflation accurately? Here's the uncomfortable truth: there's a fundamental void at the core of how central banks understand price dynamics.

The models they rely on assume rational expectations and perfectly functioning transmission mechanisms. But reality? Messier than any spreadsheet. Supply chain disruptions, geopolitical shocks, asset bubbles inflated by endless QE—none of these fit neatly into their equations.

What we're seeing isn't just policy lag or temporary miscalculation. It's a conceptual black hole where comprehensive theory should exist. They're navigating trillion-dollar decisions with instruments designed for a different economic era.

Meanwhile, alternative systems—decentralized finance, hard-capped assets, algorithmic monetary policies—are being stress-tested in real time. Perhaps the future of sound money isn't about perfecting the old models. It's about acknowledging their limits and exploring what comes next.