Gm nostriches, been looking forward to Thursday morning #coffeechain for a couple of days, the anxiety of the budget has transitioned to resignation, yeah, gonna pay more taxes, but will change my behaviour to reflect this, was never going to buy an electric car, but the hybrid may be reconsidered…… actually, cheers Rachie, I loves ya, you’ve help my argument to get a stonkin’ v8!!!! Cheers @Peter McCormack , your second pmqs is just what I needed to deal with taking it all in. Comment from the fam; “is our house work £2million?” (It’s a very long way off, but my parent’s house, not as far) “Give it a few years with inflation running and it won’t be far off” Deep breath, second cup will sort this out.

Ge nostriches, I honestly haven’t spent anytime listening to what the budget includes, but the sister in law was looking at passports for her boys and moving to Canada (because she has the passport, not out of choice), so not great I’m guess 😬. But last night, the little book of Keynes was reflecting on the post war years and how the government was attempting to enact what Keynes suggested, “But the fact remains that the rise in unemployment….. was the result of deliberate government policy” As they changed policy to react, but by the time anything had an effect it was too late and had the opposite effect than intended. Those who fail to study history are destined to repeat it. Also, politicians have always been the dumb fucks who can’t get jobs in the private sector. 🫡🙌

Targeting donation 100 with #95 in the bag. #blooddonation

Eric Voscuil may have to wait a little longer, need to go in another direction explore a broader view and potentially a view that may be more acceptable to the other half. Really looking forward to a break from Keynes @nat brunell, great work

Gm nostriches, 1 minus 1 day and counting to the moment the best thing Ms Reeves could actually do is nothing, because that would provide some certainty, but instead she’s both doubling down while also trying to undo what effects of what the last budget did. These are the scramblings of a failed nation attempting to get some market confidence back. Fascinating stuff, where I begin to (think I) understand some of the market, so much so while making revisions to my book, in addition to general borrowing costs going up in a recession, how the bond market reacts (look ma, I do bond math now 🤪) The science of muddling through, by Lindbolm (1957) is also fascinating, but one would hope those in charge were quite so obviously feeling their way in the dark. Oh and finally after buying the dip, then buying the next dip, so of back to where I started……. But people saying it could go lower, but let’s reframe that, the value of Your dollar could rise, so get ready to $pend it!!!!!!!!!

Gm nostriches, buying a t shirt for my kid of her favourite band (smallpools) and out of no where, “do you want to pay with the bitcoin lightning network?”. Merchant adopt is happening, medium of exchange is building steam, or maybe, the days of fiat are beginning to end.

How to start my meeting with my fiat mine department head? Current favourite starter for 10; How honest would you like me to be? I like doing research, I don’t find much value in teaching shit I don’t agree with to students who couldn’t care less. I’m not part of the uni pension scheme, you fiat has now power with me. I have zero ambition to work towards your pointless fiat goals to gain a promotion, I will never include how my work is promoting the school’s DEI aims, they literally work against me. I’ve made a vow to Lord Nakamoto on high that I can only learn about bitcoin, so all the other bollocks you want me to teach will just be read off the slides (as some of my colleagues actually do) I’ve run the numbers and I don’t need my fiat wage, so how are you going to convince me to stay? GFY?!?!?!?

Gm nostriches, after a nasty break in my #40hpw this weekend, some serious chats going on, @cjasonmaier mentioned you by name and then @nat brunell “Bitcoin is for everyone” came in useful too. Have SO many books to get through (may actually have to quit the fiat mine to get on top of them), but will have to read them both before I pass them on. Saying that, #heroquest with kid got a little wild when Quindrak turned into a dragon!!!!!! Any how, #catstr and #coffeechain locked in on this Monday morning and oh, meeting with the fiat mine department head?!?!? Will I use the shawshank Red line? “I’m sorry, I just don’t give a shit” Oh and @Uno I got way too excited about so many notifications morning, not helpful.

Ge nostriches, absolutely fascinating morning news bbc biased bilge, but the subtle shift in what Zackie P was chatting about was a combination of intriguing and terrifying. Wealth tax, don’t get me started, but “more debt isn’t a problem” “look at Japan, they have nearly 3 times more debt than us” “people want to buy our debt it is an affect”. Who has been feeding him these lines? These are very specific, and in places technically correct, but without the contextual nuances that make these statements economically dangerous. He shitted on liz truss but would be offering unfunded give says, much worse than the simple unfunded tax cuts she offered, that should have boosted growth. Stretched my self taught economics knowledge to the limit trying to explain why only doesn’t make sense, to someone who thinks billionaires don’t need so much money and pitches the argument of cutting disabled funding……. No one wants their benefits cutting…….. but joker said something about this, it’s not about the money they get, it’s about the message they send that if you earn it, they will take it.

“Investment in public services” Spending tax payer money and debt on capital and operational spend that does make a return. No to justifying spending for the “public good”, if it costs “public debt”, we’re all going to suffer.