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272 sats \ 6 replies \ @SwearyDoctor 13 May 2023
David Graeber, Debt: The First 5,000 Years
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108 sats \ 2 replies \ @siggy47 13 May 2023
I know this is not a popular opinion, but I didn't love this book. My feelings can be summed up pretty well by this online review
Despite much right wing praise, I thought the guy was basically making a long winded, confused argument in favor of socialism.
That being said, you can learn a lot if you stick to the facts and ignore his opinions.
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9 sats \ 1 reply \ @_b_o_n_e_s_ 14 May 2023
that's a great summary. i don't disagree with it, rambling for sure, and it was a battle to get through whole thing, absolutely.
but I still liked it because I was listening to it (audio always seems less of a lift) and learned how we've functioned for thousands for years with debt, and how markets likely emerged with larger governments and war.
definitely felt like I deserved a badge for finishing though! haha
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21 sats \ 0 replies \ @siggy47 14 May 2023
I also took the audio route, and I certainly agree the book had a lot of good information.
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0 sats \ 0 replies \ @muteness11 13 May 2023
this needs to be on my reading list ... what do u like about it the most?
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0 sats \ 0 replies \ @k00b 13 May 2023
This gets my vote. It’s what taught me about money.
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0 sats \ 0 replies \ @siggy47 13 May 2023
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223 sats \ 0 replies \ @tldr_dead 13 May 2023
https://mises.org/library/what-has-government-done-our-money
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312 sats \ 0 replies \ @Jon_Hodl 13 May 2023
There is literally a book called "The Story Of Money" by Sean Cover and it is an excellent book for understanding money overall. I read it once all the way through and underlined so I could go back from time to time to catch up on the highlights.
I highly recommend.
https://www.whatisbitcoin.com/best-bitcoin-books#The_Story_Of_Money
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132 sats \ 1 reply \ @NothingNewUnderTheSun 13 May 2023
First half of The Bitcoin Standard is an excellent history of money
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0 sats \ 0 replies \ @muteness11 13 May 2023
it is... it is just very high level and its biased as its author is a Bitcoiner (which I happened to meet 3 weeks ago)
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75 sats \ 1 reply \ @siggy47 13 May 2023
Layered Money by Nik Bhatia gives a nice history of money.
The Creature From Jekyll Island by G Edward Griffin is really about the federal reserve, but it also will teach you a lot about money.
You also could try listening to the What is Money? Podcast by Robert Breedlove.
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20 sats \ 0 replies \ @muteness11 13 May 2023
I love this book esp. chapter 3 & 4
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54 sats \ 6 replies \ @Undisciplined 13 May 2023
Bob Murphy's one of the best explainers of economics. Understanding Money Mechanics has both history and theory of money.
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21 sats \ 5 replies \ @muteness11 13 May 2023
im not sure about the Austrian economist talking about money .... they have been proven wrong all the way (market) .... which I find very interesting as I sympathize with their rationale but still cant deny they have lost the battle (so far) .... are they a cult ... I have no clue but I learned not to be married to my own ideas!
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0 sats \ 4 replies \ @Undisciplined 13 May 2023
Can you elaborate on "they have been proven wrong all the way"? I'm an economist with mainstream training and I'm aware of no such proof.
I'll grant that there is at least a cult-adjacent quality in the Austrian school, similar to Objectivism, in that they tend to overrate the insights of their scholars and underrate the insights of others.
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21 sats \ 3 replies \ @muteness11 13 May 2023
good question .... so the rivalry between 2 schools of Keynesian economics Vs Aust. economics has been won by Keynesians ..... now you and I can argue why it has and we can agree/disagree but it doesnt change the fact who won (so far)
I personally sympathise with the Austrians as its speaks to my mind (rationale) but i cant deny Keynesians as its all about control and power and maybe, thats why they wont the battle (not necessarily the war)
please enlighten me if you have different views?
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0 sats \ 2 replies \ @Undisciplined 13 May 2023
I disagree on two points.
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"it's all about control": The point of scientific theories is to describe reality. Keynesian theories (or more accurately, mainstream economics) have actually been proven false, and not only by Austrians. Those views are opportunistically pushed by those in power, because they justify what the ruling class were going to do anyway.
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"they have been proven wrong": This implies a rigorous logical demonstration of an inconsistency in Austrian Theory that I'm unaware of and that you haven't provided.
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21 sats \ 1 reply \ @muteness11 13 May 2023
u disagree as an opinion which isnt my point .... the main point is that the market has dominated how we function today despite what you think is proven false and you justify it by POWER which i agree with.
Im no economist and cant claim to be an expert ... but let me ask you this: why the Austrians have lost their ground?
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0 sats \ 0 replies \ @Undisciplined 13 May 2023
As I said, Keynesianism is cynically adopted by politicians as a rationale for expanding state action. There is strong demand for academics to provide politicians with rationales for what they want to do, so there are people who do it. Austrian Economics correctly describes the state as a drain on society, so politicians don't support Austrian scholars.
I also don't know that it's correct to describe the Austrian School as having lost ground. There is more work being done and more scholars in the Austrian School than ever before, as well as more people studying it. There may have been a very brief period in the late 19th century when it was more prominent amongst academics.
Further, my disagreement is not simply over an opinion. You made a strong claim that Austrian Economics has been proven wrong. As it is a school of economic philosophy that rigorously deduces conclusions from first principles, such a proof could only come in two forms: 1) a demonstration of logical inconsistency, or 2) a clear example of an Austrian theory being violated in the real world. I'm unaware of either existing, as you seem to be.
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54 sats \ 0 replies \ @kepford 13 May 2023
The Bitcoin Standard actually does a good job telling that story.
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54 sats \ 0 replies \ @scottathan 13 May 2023
Money: The True Story of a Made-Up Thing by Jacob Goldstein https://a.co/d/5Qai8Gz
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0 sats \ 0 replies \ @Believe 14 May 2023
Rich Dad Poor Dad by Robert T. Kiyosaki.
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0 sats \ 0 replies \ @travis 14 May 2023
The Bitcoin Standard by Ammous covers a lot on the history of money.
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0 sats \ 0 replies \ @0307572b6c 13 May 2023
I really enjoyed Nick Szabos "Shelling Out: The Origins of Money"
https://nakamotoinstitute.org/shelling-out/
It's more about the precursors of money, but it's absolutely fascinating. After that was The Bitcoin Standard.
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0 sats \ 0 replies \ @beorange 13 May 2023
Not a book, but a very good (and long) post: https://www.lynalden.com/what-is-money/
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0 sats \ 0 replies \ @Chep 13 May 2023
Atlas Shrugged does a good job teaching one about money even though it is fiction and not a book focused on money.
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0 sats \ 0 replies \ @NoNameNeeded 13 May 2023
Rich father, poor father
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0 sats \ 0 replies \ @pepe78 13 May 2023
Bitcoin standard
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0 sats \ 0 replies \ @I3_12_1_Z 13 May 2023
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0 sats \ 0 replies \ @energycurrency 13 May 2023
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