@Zaprite for the win!
j
j@primal.net
npub1wtfn...jjv2
Be on your guard; stand firm in the faith; be courageous; be strong. Do everything in love.
1st Corinthians 16:13-14
RFK jr. takes the presidency. I said it first.
“There is no justification whatever for the widespread belief that variations in the quantity of money must lead to inversely proportionate variations in the objective exchange-value of money, so that, for example, a doubling of the quantity of money must lead to a halving of the purchasing power of money.”
— The Theory of Money and Credit (LvMI) by Ludwig von Mises
https://a.co/bfU0xeM
Up to this point I was understanding what Mises was explaining. But this quote seems to say that an increase in the quantity of money does NOT decrease purchasing power. If I’m understanding this correctly this would be completely contradictory to what I’ve come to understand through my dillegent research.
@Saifedean Ammous could you shed some scholarly light on this concept please. I really would appreciate your thoughts on this.
I just received a random act of kindness. I’ll be paying it forward as soon as I can.
”Do you not know that your bodies are temples of the Holy Spirit, who is in you, whom you have received from God? You are not your own;“
1 Corinthians 6:19 NIV
YouVersion | The Bible App | Bible.com
1 Corinthians 6:19 (NIV) - Do you not know that your bodies ar | YouVersion
Do you not know that your bodies are temples of the Holy Spirit, who is in you, whom you have received from God? You are not your own
Woe to those who call evil good and good evil,
who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter.
Isiah 5:20
Verifying my Nostr account with user @cafebitcoin
tallycoin.app
MAF Training
1
Perform a MAF Test
Benchmark: Run, walk or cycle for 20 mins at your MAF Heart Rate and record your distance.
2
Train at your MAF Heart Rate
Exercise regularly at your MAF Heart Rate ensuring that your body has time to rest and recover between sessions.
3
Track Progress
Repeat the MAF Test monthly on the same course and conditions. Your aerobic system can take 3-6 months to improve but as it does you will be running further at your MAF HR.
Dr. Phil Maffetone
3 Step Process - Dr. Phil Maffetone
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The U.S. legislative law making process.
https://www.congress.gov/legislative-process
“Only a fool would let his enemy teach his children”
-Guess the author…
“Producers, being self-interested humans, will not sell a good for a price that does not cover their entire cost of production. They would rather go out of business and stay home than work in a business that loses them money. So trying to mandate lower prices simply results in the destruction of the human incentive to produce a good, resulting in higher prices and even lower supplies. The other inevitable consequence of price controls is the emergence of black markets where the seller and buyer can transact at rates suitable to both of them, but without the attention of the government.”
Principles Of Economics by @Saifedean Ammous
“A libertarian rejects the legitimacy of a government initiating aggression against a peaceful drug consumer, but would not reject the right of individuals to refuse to live next to, work with, or be part of the same security agency as a drug consumer.”
Principles Of Economicss by @Saifedean Ammous
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Principles Of Economics
“The twentieth century’s shift to an easier monetary medium has reversed this millennia-old process of progressively lowering time preference. Rather than a world in which almost everyone had access to a store of value whose supply could only be increased by around 2% a year, the twentieth century gave us a hodgepodge of government-provided abominations of currencies growing at 6%–7% in only the best examples, usually achieving double-digit percentage growth and occasionally, triple-digit growth. The numerical average for the growth of all national currencies’ broad supply during the period between 1960 and 2020 is 30% per year. Calculating the average weighted by currency size shows us roughly a 14% annual increase in the market supply of all fiat currencies, which can be viewed as the average money supply increase experienced by the average citizen of the fiat nations of the late twentieth and early twenty-first centuries.”
Principles Of Economics by @Saifedean Ammous
“The simple reality, demonstrated throughout history, is that any person who finds a way to create the monetary medium will try to do it. The temptation to engage in this is too strong, but the creation of the monetary medium is not an activity that is productive to society, as any supply of money is sufficient for any economy of any size. The more that a monetary medium restrains this drive for its creation, the better it is as a medium of exchange and stable store of value. Unlike all other goods, money's functions as a medium of exchange, store of value, and unit of account are completely orthogonal to its quantity. What matters in money is its purchasing power, not its quantity, and as such, any quantity of money is enough to fulfil the monetary functions, as long as it is divisible and groupable enough to satisfy holders' transaction and storage needs. Any quantity of economic transactions could be supported by a money supply of any size as long as the units are divisible enough.”
— The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous @Saifedean Ammous
https://a.co/6nobgsA
“The scarcity of time is the starting point for all economic choices. The scarcity of time forces man to choose between alternatives at all points in his life, and it means that every decision has an opportunity cost.”
Principles Of Economics by @Saifedean Ammous
“The capitalist entrepreneur is the most important actor in the economic system, as he stakes his own property on his ability to anticipate changes correctly. He is the force that affects change and creates economic reality.”
Principles Of Economics by @Saifedean Ammous
What do you understand “the mark of the beast” to be?
“Women are far more likely to be able to support themselves independently in an industrial and informational economy than in a primitive economy. It is no coincidence that female liberation has come about with industrialization. The richest and most industrialized societies are the ones with the highest achieving and most independent women, while the preindustrial societies continue to witness widespread female repression.”
Principles Of Economics by @Saifedean Ammous
“Modern schools of economics do not teach the reality of economics as the study of human action, which results in their adherents being incapable of understanding the hard work, sacrifice, and risk needed for anyone to become a capital owner. This inability to understand cause and effect leads to imagining capital as some sort of heavenly privilege bestowed upon a particular race of people. You either belong to that race or you do not. There is little appreciation or understanding of the actions necessary to accumulate capital and hold on to it successfully, and as a result, many people waste their time, and the fruit of their labor, complaining bitterly about capital, rather than working to acquire it and raise their productivity and living standards. This economic ignorance is the wind in the sails of demagogue politicians who exploit it to achieve power and use it to expropriate capital owners.”
Principles Of Economics by @Saifedean Ammous