Educational; not a substitute for your own care.
Full article (Austrian econ + psych lab, with the parts that don't hold up):
on my website https://t.co/1RD0xOvHZk
What I take from all of this is small and practical.
Expect lab-sized effects, not a personality transplant.
Tomorrow isn't worthless. We just undervalue it until we practice seeing it.
Here's the honest part:
psychology doesn't "prove" the economics.
Mises himself said psychology can never demonstrate a praxeological theorem.
I treat them as parallel lenses. They rhyme. One doesn't prove the other.
@EneaDenkt@scientificecon In the last 60 years we have gone from over 12,000 banks to about 4,000…
It is still a very “decentralized” banking system in comparison to other central banks but the data is there; it is becoming more centralized over time.
@1MarkMoss The K shaped economy is more apparent than ever and at the same time gas prices are going up; maybe those who have assets don’t feel it but those that don’t have assets do.
That’s a huge issue for them.