Dr. Strange Love

wannabe economist

[Vala Afshar @ValaAfshar]

Stupidity is knowing the truth, seeing the truth but still believing the lies.

And that is more infectious than any other disease.

—Professor Richard Feynman

[Libertario 🟨⬛ @QuotesforGoal]

"Uno de los grandes errores es juzgar políticas y programas por sus intenciones y no por sus resultados"

Milton Friedman

[Milton Friedman Quotes @MiltonFriedmanW]

“Free societies, the kind we’ve been lucky enough to experience for the last 100 years, are a very rare exception in human history. Most people at any one time have lived in tyranny and misery.”

— Milton Friedman

[Dr. Strange Love @thebabeok]

Austriaco presidente? 😂

[Jack V Lloyd @jackvlloyd]

Who is your favorite Austrian Economist?

I'll go first: Javier Milei.

[Dr. Strange Love @thebabeok]

@jackvlloyd No es austriaco

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman on inflation:

“Inflation is just like alcoholism. In both cases when you start drinking or when you start printing too much money, the good effects come first. The bad effects only come later.”

“That’s why in both cases there is a strong temptation to overdo it: to drink too much and to print too much money.”

“When it comes to the cure, it’s the other way around. When you stop drinking or when you stop printing money, the bad effects come first and the good effects only come later.”

“That’s why it’s so hard to persist with the cure.”

[Handre @Handre]

Milton Friedman's greatest regret.

The federal government discovered the perfect crime in 1943: make employers collect taxes before workers ever see their paychecks. You think you earn $60,000 per year, but you actually earn $75,000 and hand over $15,000 to politicians without ever touching it. The psychological difference is enormous.

Before payroll withholding, Americans wrote quarterly checks directly to the Treasury. Picture yourself sitting at your kitchen table, writing a $3,750 check to the IRS every three months. The pain was immediate and visceral. Politicians faced constant pressure to justify every dollar because citizens felt the extraction in real time.

Withholding transforms this concrete loss into an abstract accounting entry. Your employer becomes an unpaid tax collector, and you never experience the actual cost of government. Worse, most people celebrate their tax refunds as government generosity rather than recognizing them as interest-free loans they provided to politicians. The Treasury collects your money throughout the year, spends it immediately, then returns your own cash and receives gratitude.

This system enables the explosion in government spending you witness today. Defense contractors billing $640 for toilet seats, agricultural subsidies for corn syrup, and congressional salaries for 535 people who rarely show up to work. When taxation feels painless, voters stop demanding accountability for how their money gets spent.

Milton Friedman helped design withholding as a wartime emergency measure and later called it his greatest regret. Free market economists recognized that the psychological pain of direct taxation creates political pressure for fiscal restraint. The temporary always becomes permanent in government hands, and the emergency justification disappears while the extraction mechanism remains forever.

[Paolo Benza @paolobenza]

Los hechos desbaratan narrativas.

1. Los votos en ambas cámaras sí están balanceados (cuéntenlos)
2. Antauro tiene una bancada de ~10 senadores (¿va a optar por 5 profes PUCP en vez de eso?)
3. Parte de la plataforma de Sánchez tiene probados vínculos con Movadef

Son hechos👇🏻

[Thomas Sowell Daily @DailySowell]

Thomas Sowell on government interventions:

“The imperfections of the marketplace have led many to see government interventions as necessary and beneficial.”

“Yet the imperfections of the market must be weighed against the imperfections of the government.”

“It always amazes me that people think that if you say the market is imperfect, that means the government must step in. We’re so much more rational in sports.”

[Nico Rojas @Nicolasrojamina]

@paolobenza

[Dr. Strange Love @thebabeok]

🫏

[Handre @Handre]

There you go.

[F. A. Hayek Quotes @FAHayekSays]

“Only because men are in fact unequal can we treat them equally. If all men were completely equal in their gifts and inclinations, we should have to treat them differently in order to achieve any sort of social organization.”

— Friedrich Hayek

[Carlos Ganoza Durant @cganozadurant]

Por qué iría a cambiar FP si son gobierno? Podrían ser un Ejecutivo igual de cortoplacista. Han mostrado que les importa concentrar poder para proteger sus intereses, favorecer a mafias, y hacer populismo.
Los vicios de uno no le crean virtudes al otro. 7/7

[Carlos Ganoza Durant @cganozadurant]

Han debilitado la institucionalidad fiscal generando iniciativa de gasto desde el Congreso, debilitado los contrapesos democráticos con sus reformas y acoso a instituciones judiciales, generado inestabilidad en las políticas públicas con censuras arbitrarias a ministros 2/

[Carlos Ganoza Durant @cganozadurant]

La gran mayoría de economistas encuestados por el IPE no ve riesgo de un gobierno de Fuerza Popular sobre la seguridad jurídica, predictibilidad regulatoria, sostenibilidad fiscal o economías ilegales. Pero el comportamiento de FP los últimos 10 años indica lo contrario. 1/

[PraxBen, but I am tired of ts @benbackupbackup]

If “socialism works in China,” how come the more capitalist a Chinese province is the better it performs by every metric?

[Dr. Strange Love @thebabeok]

@LucasZecevic @pedrofrancke Un gráfico sin contexto dice poco o nada.

[Matías @nosoymat1]

No entiendo este argumento, el comercio con el mundo está buenísimo o es una cagada?

[Alonsix 🐍 @alonsix6]

Nuevo Perú publicó un hilo con 13 estudios para defender subir la RMV a S/1,500.

Hice mi tarea y los revisé rápidamente.

El problema es que la mayoría no dice lo que ellos afirman que dice.

Vamos uno por uno 🧵