0 sats \ 0 replies \ @Winitober 29 Oct \ on: MONEY CLASS OF THE DAY: The Fed Isn't Private econ
Bitcoiners understand the primary purpose of the CB is:
Printer go Brrrrr.....
This behavior is not surprising when viewed through the lens of Austrian theory. The disutility of labor has been a known phenomena in Austrian economists for decades.
When individuals receive financial support without the need for work, they choose to minimize their labor participation. Recipients of UBI worked less and experienced longer unemployment durations. When basic needs are met through cash transfers, the disutility of labor outweighs its benefits. This is a key tenet of Austrian economics: if the costs of working—whether in time, effort, or stress—exceed the perceived rewards, individuals will opt for leisure.
Thanks for sharing. This is quite nice. Would you share some details about how you accomplished this? e.g. software, configs etc?
It’s the modern version of feudalism. There is an aristocracy who own most of the assets. The rest are serfs who pay rent. But without the noblesse oblige. You are a deplorable so who cares if you suffer.
There have been great thinkers in economics including giants like Mises and Rothbard. Unfortunately, modern economics is bought and paid for by fiat money. Bitcoin fixes this too.
Socialism is a disease that ultimately kills the patient. The Germans should have learned their lesson with Hitler’s socialism catastrophe and the disaster of the Weimar hyper inflation. Here we go again. Money creation needs to be separated from the state and end fractional reserve banking.
Why would anyone believe that age is the deciding factor over the real issues that divide the country? Trump may not make policy sense to you, but he speaks without drifting off into mumbling incoherent words. That was the problem with Biden.
This election will be decided on border and economic (inflation) issues, both of which are monopolized by Trump.
It's time to get a real job. DEI programs and their supporters are inherently racist. These programs embed discrimination within organizations under the misguided belief that this combats racism. This is precisely why the bill prohibits programs that discriminate based on an individual's race. We don't need a committee of misguided individuals making decisions based on race.
The measure of all this “expansion” is debt based fiat currencies. Therefore, all measurement of expansion are suspect. No one can measure anything.
this story is being actively suppressed on other social network sites.
the court ordered the disclosure of 30,000 Youtube user accounts to trap one Bitcoin trader who was exchanging fiat for Bitcoin without a money transfer license.
Calm down Erik. People got a chance to front run the institutions. While the SEC circle jerked I hodled. No 401k plan is going to add a Bitcoin ETF anyway because it’s considered high risk and would fail most governance boards’ fiduciary responsibilities. 401ks are where the majority of average people invest. Then there’s all the counter party risk over the last 15 years with these dumb exchanges.
Go outside and scream at the sun because it’s hot.
There are many super great lectures on mises.org. Old stuff from Rothbard and many others both new and old. I’ve listened to hundreds maybe even 1000s of hours of lectures.
I particularly enjoy Mises U. They have lectures and free content going back a decade or more.
You can also listen on Apple’s podcast service. Probably android too.
Matthew Kratter from Bitcoin U did an analysis of the situation. Saylor also makes a good point that what Bitcoin needs is stability and this desire to make radical changes isn’t helping. Bitcoin has a use case. It’s money. This drivechain idea is a solution in search of a problem. Let’s wait a decade and then see what solutions become available on layer 2 and 3. Many said that Bitcoin couldn’t scale without increasing the block size and look how Lightening and Fedi have changed the discussion.