@PerBylund Side note, notice how he blames inflation on the irrational consumer just willing higher prices into existence while completely ignoring the games being played with the money supply. Such a joke.
@CohenSite Going to be really nice. Fits in with the Gables style. That builder has other projects in the area that are further along. Similar Spanish style.
@ESYudkowsky Many (economically illiterate) conflate capitalism with corporatism / cronyism. Capitalism is spontaneous order through the voluntary cooperation of individuals pursuing their own interests. Essentially economic democracy where you constantly vote with your dollar.
@micsolana I think you’re confusing UBI with negative income tax. Hayek and Friedman mentioned minimum UBI was likely affordable, but neither really recommended it due to the moral hazard.
@BenJustman IMO, you’re under valuing privacy, and over valuing a supply cap. Fixed supply is not a requirement of money, but supply stability and true fungibility are. Plus, gold supply increases faster than Monero…
@karlbykarlsmith@jsager99@kmele Also crazy: far more slaves were sent to Brazil during the slave trade, yet US GDP in 1900 was considerably higher than Brazil's. More evidence to suggest slavery is an economic hindrance rather than some kind of multiplier / catalyst. Forced labor is not economically efficient.
@JeffBrees@jsager99@karlbykarlsmith@kmele IMO, that's a red-herring . 10x as many black slaves were brought to Brazil, and they were "multi-generational" – yet didn't have the same economic result. Millions of domestic / indigenous African slaves were also "multi-generational".
@jsager99@karlbykarlsmith@kmele The "multi-generational" attribute is a somewhat meaningless caveat. That is essentially constant everywhere there were slaves – including the indigenous black slaves that were retained in Africa.
@samdblond This is Cialdini’s reciprocity principle. In social situations, humans tend to feel obligated to repay favors / good deeds (prevents cognitive dissonance).
@SimonDixonTwitt As brilliant as he was, supporting the Fed's role in manipulating rates / money supply always seemed contradictory to almost every other view he held. Practically had a bromance for Benjamin Strong.