Oybru Brungus

[Rage ❉ @ragecvlt]

We do not wear masks to hide.

[HushPuppyArt | COMMS CLOSED @hushpuppyart]

A half memory clings like a scrap of flesh on carrion.

Once upon a time, in another life, the path you walked was that of a…

[Anastasia @demystifysci]

Economics Has Lost Touch with Reality (Part 1) - Bob Murphy & Steve Keen, DemystifySci #384

Austrian economist Bob Murphy (@BobMurphyEcon) and Post-Keynesian economist Steve Keen (@ProfSteveKeen) debate the finer points of money creation and the involvement of fractional reserve banking.

They clash over whether bank loans require actual reserves, or if banks create money out of thin air via the radical "loans create deposits" thesis.

The debate exposes the core flaws of neoclassical economics, explains why existing economic theory failed to predict the 2008 financial crisis, and offers some clues about the paradigm shift that's required to actually fix the global financial system.

Timestamps:
00:00 Go!
00:07:00 Understanding Heterodox Economics
00:11:00 Austrian Economics vs. Neoclassical Approaches
00:15:00 The Concept of Equilibrium in Economics
00:19:00 Complexity Theory & Economic Modeling
00:20:12 Critique of Neoclassical Economics
00:22:43 Historical Context of Economic Predictions
00:25:03 Keynesian vs. Post-Keynesian Economics
00:30:12 Influence of Economists in Power Dynamics
00:36:40 Economic Models & Crisis Predictions
00:38:20 Economic Interests in Crises
00:39:56 The Religion of Economic Theories
00:44:49 Consequences of Economic Beliefs
00:50:10 The Oversight of Banks in Economic Models
00:54:32 Challenges of Economic Experimentation
00:56:13 Rival Schools of Economic Thought
00:57:00 Cycles in Economic Systems
01:00:01 Dynamics of Boom and Bust
01:02:15 Role of Interest Rates & Money Creation
01:05:32 Understanding Fractional Reserve Banking
01:11:28 Complexity of Banking & Reserves
01:15:03 Dynamics of Banking & Credit Management
01:17:50 Critique of Central Banking & the Role of Reserves
01:19:54 Reevaluating Economic Models & Banking
01:20:50 The Importance of Reserves in Financial Discussions

[Jarrod Watts @jarrodwatts]

Ethereum’s next major upgrade, “Fusaka”, goes live in less than 48 hours.

I read all 13 EIPs being included so you don’t have to.

So, here are 13 tweets (with diagrams) to explain the 13 upgrades in simple terms: 🧵

[Oybru Brungus @0ybru]

@sheffieldreport @SharpLink Cheers Matt

[AA @measure_plan]

the evolution of the four-wing strange attractor

[Techartist @techartist_]

@Hesamation https://t.co/7HPYdGmLw8

[Kat ⊷ the Poet Engineer @poetengineer__]

playing with strange attractors : adjusting the constant b and see it goes through different bifurcation phases or become chaotic

[idil dursun @jarvinart]

Suburbs

[Oybru Brungus @0ybru]

@jarvinart Many memories were had. Do some good crying and celebrate the companionship, it is not a silly thing.

[Oybru Brungus @0ybru]

@Vivek4real_ Wait for my boner to die down so I can take my morning wiz

[pale kirill @palekirill]

trying to build something

[beeple @beeple]

ALL THE KINGS MEN

[Oybru Brungus @0ybru]

@kryndolyn February 8

[Oybru Brungus @0ybru]

@0xmagiclines All is quiet in the crypt

[Oybru Brungus @0ybru]

@bob__schizo @BasedGhouls Never lived

[☁ @canekzapata]

gm

[Oybru Brungus @0ybru]

@tonyskeor These are beautiful. Bless you for your command of the mood.

[Anton Skeor @tonyskeor]

A small note on Cold Hours series: it was created as a result of my love-hate relationship with my city and its climate while listening to Burial. Something like personal therapy to force myself to love the mundane moments [1/2]