Production Function

Laissez-faire capitalist.
...
Life is what you make it.
...

[Production Function @Piper561]

"Your economic security does not lie in your job; it lies in your own power to produce - to think, to learn, to create, to adapt. That's true financial independence. It's not having wealth; it's having the power to produce wealth". ~Stephen R Covey

[Steve Hanke @steve_hanke]

Simple arithmetic from the QUANTITY THEORY OF MONEY: in 2026, spending by U.S. households and businesses is growing 7.6%/yr. Real growth is ~3%. What's left over, 4.6%, is INFLATION. That's more than DOUBLE the Fed's 2% target.

INFLATION STORY = MONEY SUPPLY STORY.

[Marco Frieri @MarcoAFrieri]

Bernie Sanders, 85 and in Congress for 35 years, is demanding new leadership. That’s rich.

[Richard Christopher Whalen @rcwhalen]

@lawrencehwhite1 If you cap credit cards at 10%, only rich people will have cards. Rest will be closed within 30 days.
$SYF writes off 5% of total loans each year.... But
@SenWarren knows this, she just does not care....
@MarkHalperin
@capitalalpha

[Production Function @Piper561]

@LogicalNumbers @LeaderJohnThune @SenateGOP Call it like it is! 👊💪

[Production Function @Piper561]

@DeepLeaksHQ Whitney is a treasure.

[Deep Leaks @DeepLeaksHQ]

This is insane...

Whitney Webb exposes the history of Palantir.

Palantir started as a DARPA project. It was going to completely destroy our constitutional protections so it was quietly taken out of government and rebranded as a private company to do the EXACT same thing.

[Production Function @Piper561]

@DavidDack Almost warmed up.

[Production Function @Piper561]

@PekalaLaw @trades021

[Handre @Handre]

The Phillips Curve gave policymakers exactly what they wanted: a scientific alibi for printing money. The theory, built from A.W. Phillips' 1958 study of UK wage data, claimed a stable trade-off existed between inflation and unemployment. Push inflation up, unemployment falls. The Federal Reserve and Keynesian advisors from Cambridge to Washington treated this as settled science.

Then the 1970s arrived and burned the whole model down.

Between 1973 and 1975, U.S. unemployment climbed from 4.6% to 8.5% while CPI inflation simultaneously surged past 11%. This was not supposed to happen. The Phillips Curve said you got one or the other. Now you got both?

Richard Nixon had closed the gold window in August 1971, freeing the Fed to monetize debt without constraint, and Arthur Burns obliged with years of credit expansion. The result, they named stagflation, a word Keynesian economists had to invent because their models had no room for the concept.

Milton Friedman warned Congress in 1968 that the trade-off was an illusion. Workers, he argued, would eventually expect inflation and demand higher wages to compensate, eliminating any employment gain. The short-run curve would shift. Friedman was correct on the mechanism, though the deeper point goes further: inflation is a tax on your savings, your wage, your planning horizon.

Unemployment is not a price phenomenon you can adjust with monetary dials. It follows from capital misallocation, regulatory rigidity, and distorted price signals. The Fed flooding credit markets in the late 1960s created an artificial boom in sectors that could not sustain real demand. The bust produced real unemployment, then more inflation on top of it.

By 1980, CPI hit 13.5%, and unemployment reached 7.5% simultaneously. Turns out the curve was fictional. Just another excuse Keynesians used to justify governments printing more money. Jimmy Carter's Council of Economic Advisers kept forecasting a trade-off that the economy refused to deliver.

Stagflation exposed the entire premise that central planners can calibrate employment through monetary manipulation without consequence hitting your wallet.

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

*RUBIO: WE DON'T WORK FOR OTHER COUNTRIES. WE WORK FOR WHOEVER HAS THE VIDEOS - HAARETZ.

[Moral Philosophy @ML_Philosophy]

"A man with no money and a woman with no beauty see the world without illusions."

~ Fyodor Dostoevsky

[Production Function @Piper561]

@USRoute41 As a member of congress, Id promise to look all other members in the eye and call them a coward until they agree to balance the budget. Ill probably never get elected.

[Production Function @Piper561]

@RichardCabezza 399 here yesterday.

[Samurai Apocalypse @HeatherIsUnsane]

bruh

[Production Function @Piper561]

@TonyNashNerd @amlivemon Cough up some dough and invest in a new pair of HOKA. In 12 weeks, you'll know how to arrest time.

[Production Function @Piper561]

@trades021 We'd be better off electing government by lottery. It keeps the $ out.

[Production Function @Piper561]

@trades021 Just hold him accountable would be nice. Crawfish man sees joke Biden's results and says hold my beer. Clear all of the noise, JE, tariffs, SoH debacle, everything, and grade him on US debt only. Actually all pout since 41, they are huge Failures.

[Bobbi-Jo🩵🇺🇸 @soflobobbijo]

Morning Prayer🍁🍂🧡

[Iberian America @Iberianamerica]

POV: You're a moderately autistic, obese American on vacation in Columbia and you left the hotel where your obese wife is and stumbled upon this soccer field where these Culombian women invite you to play with them

Colambia is a fun country! 🇻🇪