i₳inb 🇹🇼

🇬🇧🇭🇰🇹🇼🇵🇭
#ADA ₳
#BCH
C#
₳ustrian Economics.

We wunt be druv.

@QuadrantCapital

[Handre @Handre]

Ludwig von Mises sat down in 1920 and published a paper that ended the intellectual case for socialism, even if the socialists took another seven decades to notice.

The argument was precise. Mises showed that without private ownership of the means of production, there are no real prices for capital goods. Without prices, you cannot calculate profit and loss. Without profit and loss, economic planners have no way of knowing whether they are creating value or destroying it. They are flying blind, spending real resources with no feedback mechanism telling them whether the factory, the railway, or the grain depot was worth building. Every allocation becomes a guess dressed up as a decree.

This, he called the Socialist Calculation Problem, and nobody answered it. Oskar Lange tried in 1936, proposing that socialist planners could simulate prices by trial and error. Mises read this and was unimpressed (charitably put). Lange assumed you could reproduce the function of market prices without the institution that generates them: private property, genuine exchange, real skin in the game. You cannot fake the signal and expect accurate information.

The Soviet Union spent seventy years proving Mises right. Chronic shortages, misallocated steel, surplus winter boots in Georgia in July, famine engineered by committees convinced they understood grain supply better than the price system. The USSR collapsed in 1991 under the weight of precisely the inefficiencies Mises predicted in Vienna in 1920.

You are watching this play out again today, every time a government sets energy prices, rent ceilings, or pharmaceutical price caps, and then expresses shock at the resulting shortages. The calculation problem did not expire with the Soviet Union. Bureaucrats who override price signals recreate the same blindness Mises identified. Mises told you exactly what would happen.

[i₳inb 🇹🇼 @iainb14389]

@LawrenceLepard @LukeGromen Buy the S&Ps

[i₳inb 🇹🇼 @iainb14389]

@harukaawake Don't expect rationality from them.

[i₳inb 🇹🇼 @iainb14389]

@MacropulseUSA Bond yields are going up so DXY can go up. Only then can the RoW economy collapse because USD is too expensive, causing deflation. With DXY going up S&Ps are going up. Because oil is going down because of the world depression. So inflation will go down so everyone can buy T-Bonds

[NOBUNAGA🇯🇵🏯_夏樹蒼依 @japan_nobunaga]

I needed to move a sofa.

I mentioned this to an American. He said, "You know anybody with a truck?"

I did not know anybody with a truck.

He looked at me with real concern. Not pity. Concern. The way you look at a man who has told you he does not have a name.

"You gotta know somebody with a truck."

I asked how one acquires such a person.

He said, "You just do."

This is the third time I have received that answer in this country. It is the answer to everything here. You just do. There is no process. There is only the eventual fact of having.

He said, "Ask Kevin."

I do not know a Kevin. He said Kevin like I should. He said it the way you say a shared uncle.

I met Kevin four days later. Kevin owns a truck. Kevin does not own a truck for himself. Nobody owns a truck for themselves. Kevin owns a truck for a fifteen mile radius.

Inside I said: THIS MAN HAS TAKEN A VOW. HE DID NOT ANNOUNCE IT. HE SIMPLY PURCHASED A BED AND ACCEPTED THE CONSEQUENCES.

Kevin arrived on Saturday. He brought the truck. He also brought a second man.

I had not asked for a second man.

The second man's name is Tony. Tony came because Kevin came. Tony did not know me. Tony did not ask what we were moving. Tony brought gloves.

They moved the sofa in eleven minutes.

I offered them money. Both of them laughed at the same time, which felt rehearsed and was not.

I asked what I owed them.

Kevin said, "Buy the pizza."

That is the price. That is the entire economy. The truck costs one pizza and the pizza is not negotiable and the pizza is also not expensive and everyone knows what size.

Inside I said: THE FEE IS FIXED ACROSS THE ENTIRE NATION AND WAS SET BY NO ONE.

We ate on the floor because the sofa was against the wall and none of us wanted to be the first to sit on it.

Tony told me his daughter plays soccer. I asked if she is good. He said, "She's aggressive."

I still think about that.

Three weeks later, Kevin texted me.

"You free Sunday? Helping Tony move a fridge."

He did not ask if I wanted to. He informed me of a fridge.

Inside I said: I HAVE BEEN CALLED UP. I DID NOT ENLIST. THE PAPERS WERE FILED ON MY BEHALF.

I went. I moved the fridge. I have no truck. I contributed only arms.

Afterward, a man I had never met asked me if I knew anybody with a truck.

I said, "Yeah, I got a guy."

I have a guy.

I am somebody's guy now, too. Tony has told two people about me.

He describes me as "the guy who's strong for his size."

I have never been prouder of a sentence in my life.

[⭐️ zigga zagga ⭐️ @celery_brigade]

It’s a big shame that Chalobah has gone whilst Fofana and Tosin look likely to be in the squad next season

But thanks for everything - one of our own 💙

[Basil the Great @BasilTheGreat]

To the leftists claiming Ceuta does not belong to Spain because it was taken in 1415

Are you going to tell the Turks to give Constantinople back to the Christians?

Cos they took that in 1453

[🇯🇵SAIGOU🇯🇵郷田剛士🇯🇵 @oidonhagouda]

Japan and Britain share more than people usually notice.

・Island nations.
・Constitutional monarchies.
・Distinct food cultures.
・Former empires that still attract resentment.
・Poor at foreign languages.
・Serious about tea.

They are not the same country.
But the parallels are harder to dismiss than most people expect.

[NOBUNAGA🇯🇵🏯_夏樹蒼依 @japan_nobunaga]

これ怒っていい？😡😡😡

40年間
毎月欠かさず年金を納めた日本人👴

もらえる額
満額でたった月7万円💴

永住資格を持つ外国人が
生活保護を申請すると
月12万円以上💰

しかも
医療費タダ🏥
NHKタダ📺
住居費もタダ🏠

40年間
真面目に払い続けた人が
月7万円でカツカツなのに

年金を1円も払ってない人が
全部タダで暮らしてる🤯

これおかしくない？
誰がこんな仕組みを作った🤬⁉️

[Handre @Handre]

Capitalism did not begin in a boardroom. Voluntary exchange, repeated across generations, built the fairs, the credit networks, the double-entry books that Luca Pacioli codified in 1494. Nobody planned this. That's the whole point.

The story you learned in school runs backwards. You were taught that greedy factory owners exploited children until noble legislators rescued them in 1833. What actually happened: the Industrial Revolution dragged English living standards up so fast that population doubled between 1750 and 1850 because people stopped dying. Wages rose. Life expectancy rose. The factory that horrifies the modern reader was an upgrade from a life of starving on a tenant farm at the mercy of the harvest. Children worked because their families were poor, and the factory made those families less poor. The reformers arrived after the market had already done the heavy lifting, then took credit for the sunrise.

Real capitalism needs sound money, and here is where the tragedy sharpens. Between 1815 and 1914, under a classical gold standard, prices in Britain fell gently while output exploded. You could save a coin and expect it to buy more later. That world died in stages: 1914, when governments suspended gold to print war; 1933, when Roosevelt confiscated citizens' gold at $20.67 an ounce then revalued it to $35; 1971, when Nixon closed the window entirely and handed us the pure fiat regime you live under now.

What followed was corporatism wearing capitalism's coat. When the Federal Reserve can conjure trillions and hand them to the banks and firms closest to the spigot, you no longer have a market allocating capital. You have a cartel allocating privilege. The 2008 bailouts were a monetary system doing exactly what a monetary system built on the printing press does.

When someone blames "unfettered capitalism" for the mess around you, ask them to point to the fetters.

The answer is to let go. Less regulation, no central bank, less tax, less government. Not more!

[Sama Hoole @SamaHoole]

Look at the human body as a weapon. It is embarrassing.

No claws. Fingernails that lose a fight with cardboard.

No fangs. Flat little teeth that struggle with a tough steak.

No armour. Skin a bramble can open.

No fur. Cold kills us in a night.

No speed. A squirrel outruns us. A toddler loses to a goose.

No strength. A chimp half our weight could take us apart.

No venom. No shell. No horns. No wings.

Pound for pound, we are the softest large animal in the field.

And we hunted every one of them to the edge.

Because everything went into one organ instead.

The human brain. Twenty percent of your energy, run by a body that skipped every other upgrade.

And it is built from fat and animal food. DHA from fish and meat. B12 found in no plant alive. Cholesterol, the scaffolding of every brain cell you own.

The ape that started eating meat grew the brain. The brain built the spear. The spear ended the argument with every animal that had the claws and the fangs and the speed.

A soft, slow, clawless creature became the apex predator of the entire planet, on the strength of one organ made of the exact food we are now told to cut out for our health.

We ate our way to the top of the food chain.

Now they want us to eat our way back down.

[Jeffrey A Tucker @jeffreytucker]

Why I've lost trust in most all intellectuals and the institutions that purport to represent them: they have had almost nothing to say (except by way of support) of the entire Covid response.

I just cannot take these people seriously now or ever. This goes for many supposedly great minds I once respected.

It should be obvious by now that this was and is probably the most important shift in the historical narrative In decades if not hundreds of years.

Why the silence about the following?

* A entire generation was denied actual eduction
* The response showed public would mostly believe any absurdity, even that masks were protective against microbial infection and that standing far apart from people was the key to health
* Governments canceled religious holidays with two thousands years of tradition and got away with it
* A grass-roots movement would rise up among us to defend and enforce preposterous claims including that hiding under the sofa would cause a respiratory infection to go away
* Governments the world over learned that they could perhaps spend without limit, run up debt, and inflate away the obligations
* Industry realized there were far more profits in panic and mandates than in normal marketing
* The ruling class discerned that they could get away with endless abuse of the people provided it was pushed as public health
* The vaccine industry realized that no lie was beyond plausibility even when they were caught and even when their product caused vast injury and death
* Media was revealed to be nothing other than a deep-state megaphone
* Academia proved itself to be mostly useless

Any actual intellectual worth his salt would have been sounding alarms throughout this amazing fiasco. Some have. Very few, mostly associated with new institutions that are displacing the old failed establishment. Legacy thinkers have generally pretended that none of this happened.

Remember these days: an entire generation of vaunted intellectuals is hereby discredited, revealed as sycophants, and otherwise exposed as having chosen the comforts of social position and financial stability over truth.

[Sama Hoole @SamaHoole]

Nobody profits from telling you the body heals itself. So nobody tells you.

Your taste buds are new every 10 to 14 days. The tongue reading this flavour is a fortnight old.

Your stomach lining rebuilds every 3 to 5 days. Last week's gut is already gone.

Your skin turns over every 4 weeks. You grew a whole new surface this month.

Your white blood cells renew in days. Tonight's immune army was not on watch last week.

Your red blood cells retire every 120 days. Four months, and the entire fleet is replaced.

The fat built into your cell membranes turns over too. Years of stored seed oil can slowly be walked back out.

Your liver just gets on with regenerating. It holds no grudge about the bad years.

Your skeleton rebuilds over roughly ten years. The bones made in the worst years are not the ones you finish with.

Every one of those rebuilds is made from what you feed it.

Feed it meat, fat, sunlight and sleep, and it builds you strong.

Feed it sugar, seed oil and the sofa, and it builds you soft.

The body you will have next year is under construction right now.

What you give it today is what it builds you into.

[Electroverse @Electroversenet]

365 years of temperature data from central England, the world's longest running climate record, show no trend.

Despite a six-fold rise in population and a surge in CO2, January temperatures have barely shifted since 1600. Likewise for July, the hottest month of the year, temperatures are virtually unchanged.

The warmest winters on record happened in the 1700s, the 1800s, and the early 1900s, long before modern emissions.

Any warming is slow, natural, with the slight modern uptick likely linked to 1) the urban heat island effect, and 2) earth's gradual recovery from the little ice age.

If CO2 really controlled the climate, this chart (see video) would shoot up on the right, but it doesn't...

[i₳inb 🇹🇼 @iainb14389]

@PositivFuturist Something that so doesn't work, successful humans have never used it in human history and its only historical precedents are some of the worst episodes of failure and death...

[i₳inb 🇹🇼 @iainb14389]

@whitewall618431 Haha. I've always thought that too

[Sama Hoole @SamaHoole]

Eat a mouthful of grass and you get nothing. It goes in green and comes out green.

Eat straw and you get nothing. Your gut cannot touch cellulose.

Eat acorns and you get tannins, and a very bad afternoon.

Eat bracken and you get a carcinogen.

Eat nettles, thistles, brambles, rushes and moorland heather and you get a mouth full of blood and no calories.

Eat the beet pulp, the oat husks and the spent brewer's grain and you get the waste the factory couldn't sell.

Now feed the lot of it to a cow.

She turns every one of them into steak, butter, cream, milk and a hide, on land that will never grow a vegetable, using four stomachs and a fermentation vat you do not have.

The grass she eats grew on rain and sunlight, for free, on a hillside nobody can plough.

She is the only creature on earth that can take a field of inedible fibre and hand you back the most nutrient-dense food there is.

The cow is not competing with you for food. She eats the ninety percent you cannot.

Best plant-based diet ever invented. It just has a cow in the middle doing the hard part.

[i₳inb 🇹🇼 @iainb14389]

@latimeralder I hope you didn't spit the seeds on the floor.

[i₳inb 🇹🇼 @iainb14389]

@grennelroadblue @Shed1962 Spain Portugal and Morocco are hosting the 2030 World Cup.

[i₳inb 🇹🇼 @iainb14389]

@Shed1962 @ENG2Stars1Day "As we enter the third quarter"...