Joseph Moore

Speaker. National Bestselling Author. Historian. Investor.
How to Get Rich in American History:

[Joseph Moore @drjoemoore]

#1 book in Economic History! (Kindle)

Amazon's algorithm is a fickle mistress, but it is nice when she winks.

[Sigmund Floyd @sigmundfreud679]

@fiat_money @drjoemoore @FT @grok could this upward trend be due to technological progress increasing the productivity of capital relative to labour

[Joseph Moore @drjoemoore]

@Paul_Ollinger feels like you could help ID @MebFaber beta testers

[Meb Faber @MebFaber]

🚩🚩🚩Some personal news 🚩🚩🚩

After minutes of building in stealth mode, I'm thrilled to finally announce my latest startup:

The Socialist Travel Agency™

Our mission? Helping champagne socialists experience the world's greatest socialist destinations firsthand.

Disrupting capitalism, one first class ticket at a time.

https://t.co/0YSoDNf8H8

[Joseph Moore @drjoemoore]

@KingfishPAC @FT no, my F-bomb wielding friend, they are not. Historically costs are lower compared to income previous eras

Housing complaints are completely legit (note large city rents up), but that isn't market failure. that was a political decision by elected officials

[Joseph Moore @drjoemoore]

@fiat_money @heymikey80 @FT Hey @grok are these posts using the labor theory of value?

[Joseph Moore @drjoemoore]

@fiat_money @heymikey80 @FT if pressed for time, just read this: https://t.co/Vmn3yBQ4f9?

[Joseph Moore @drjoemoore]

@fiat_money @heymikey80 @FT Yes. Just one. Did you skip the day of class where they explained why the "labor theory of value" isn't true?

I have my lecture notes if you need to borrow them for the exam.

Start at minute 28: https://t.co/HOZYXYtPxv

[Joseph Moore @drjoemoore]

@fiat_money @FT you're so close! Smaller share of a much bigger pie, you meant to say.

We're rooting for you. You're going to get there.

[Joseph Moore @drjoemoore]

@heymikey80 @fiat_money @FT 🤣🤣🤣

[Joseph Moore @drjoemoore]

@Graff2023 @AzizSunderji Aziz's chart on education points to a legit mobility issue: Ed quality matters

This chart on mobility does not: what it actually shows is higher mean income (US/Swiss) plus tiny population sizes (Denmark < Atlanta, Norway roughly = to Phoenix)

[Joseph Moore @drjoemoore]

@fiat_money @FT you SO close... you meant to say "a larger and larger slice" because the pie is expanding.

You're confusing jealousy at someone else's slice with the size of your own

[Joseph Moore @drjoemoore]

@fiat_money @FT fixed it for you.

Tell me you are confusing two unrelated things, without TELLING me you're confusing two unrelated things.

(a smaller share of a much larger pie is still a larger slice)

Don't confuse jealousy with logic.

[Joseph Moore @drjoemoore]

@Noahpinion dear Lord, I missed the "r" after the "g" and thought, "oh no! They got to Noah!"

[Joseph Moore @drjoemoore]

@StojBoj @TraceyRyniec It was the 90s: Everybody thought it was the right thing to do, like bowl haircuts.

Forgive yourself (also for the bowl cut)

[Joseph Moore @drjoemoore]

@TraceyRyniec @StojBoj I think that tracks- we forget 1) bonds were what most of the middle class thought about (w 10%+ yields) and stocks tended to be a company issue thing (DuPont employee share plans, for example).

[Joseph Moore @drjoemoore]

@TraceyRyniec @StojBoj Correct: difficult and expensive. close to 13- 20% (depending on source)…mutual funds not insignificant BUT fees were high (up to 5%) and relatively few people understood index funds. Most didn’t do (or couldn’t) what the charts say they could have done.

[Joseph Moore @drjoemoore]

Incredibly important narrative violation

[Ben Carlson @awealthofcs]

How are US household finances looking?

Incomes are higher

Net worth is at all-time highs

Credit card debt is reasonable

The economy is far from perfect but US households have repaired their balance sheets after the GFC destroyed them

https://t.co/Dawu72Qh7P

[Meb Faber @MebFaber]

Investing Quote of the Day: "Financial advice is someone's declaration of faith that what once beat inflation will work again... for sale." - Joseph Moore (@drjoemoore)

[Joseph Moore @drjoemoore]

@FreightAlley @DallasAptGP Greensboro, Nc airport is the same way- you can park and be on the plane in under 30 mins.

Greenville, SC is pretty good too

Live in ATL now and it adds 2 hours per flight minimum just to drive through the traffic, park, ride, line, etc

Regional Airports Forever

[Joseph Moore @drjoemoore]

My 7 year old last night at our weekend cabin: “why does this place only have 2 potties?”

The look on her face as I explained that my mom- MOM- was 5th child brought home to a house w no flush toilet…. 1950s

🤯

Her reply: “we really are blessed, then!”

[Miles Smith IV @IVMiles]

This is the home my grandmother lived in (Lee County., NC) until she went to college in **1948**. Anyone selling you an early or mid 20th century golden age is full of it.