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All Locations > California > Central Coast > Hwy 33/Ojai > Fortress > Right Side Gully > Permanent Income Hypo… (5.9 5c 17 VI 17 HVS 5a)
Romain Wacziarg climbs through the first crux of "Permanent Income Hypothesis" during the route's first ascent.
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Permanent Income Hypothesis, the Fortress
The top portion of PIH seen from the anchors at the top of the second pitch of Free to Choose.
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Matthew Fienup
Jan 13, 2007
“Romain Wacziarg climbs through the first crux of "Permanent Income Hypothesis" during the route's first ascent.”  

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Nearby Photos

Romain Wacziarg airs it out near the top of P.I.H., at the Fortress.
Romain & Alberto, two economists, on "Permanent Income Hypothesis," at the Fortress.
A) Free to Choose (5.8)<br> B) Permanent Income Hypothesis (5.9+)
Romain Wacziarg on P.I.H., at the Fortress
Matthew Fienup nears the top of "Permanent Income Hypothesis" during the route's first ascent.
Permanent Income Hypothesis and the related rappel line.
Belay on Permanent Income Hypothesis
Pulling my buddy up one of the best 5.9's in SoCal IMHO. Photo courtesy of Hagan Timmons, from "Capitalism and Freedom"
Romain Wacziarg enjoys stunning arete climbing on "Permanent Income Hypothesis" during the route's first ascent.
Maidy at the belay at the top of pitch 1.
Rest spot on PIH
Pitch 2 of Permanent Income Hypothesis