Hard money (and therefore real economics) is all based on competition: providing value for value, with willing exchange.
Opponents of this approach believe that competition is wasteful, and that if we simply dictated (through use of force by unaccountable governments mind you) what people should do, the world would be so much better by avoiding that waste.
Never mind the fact that the track record of central planning demonstrates it never works, and that competition always makes the world a better place.
Michael Snoyman
michael@snoyman.com
npub1uwa9...cjh4
Programmer, economist, author, speaker, weight lifter, Bitcoin enthusiast. Born in 🇺🇸, living in 🇮🇱
עזרי מעם ה' עושה שמים וארץ
#memestr #memes 

#memestr #memes



If anyone is looking for a great fantasy book series, I can’t recommend Cradle by Will Wight enough.
This is almost literally the “this is fine” meme 

Absolutely disgraceful 

#memestr 

Short story set in a sci-fi universe @npub1ytxx...qztz and I have been imagining. Bitcoiners should find some hints at how this universe became so advanced. #bitcoin #scifi #fiction View article →
#memestr #bitcoin 

There need to be congressional hearings on the mismanagement of forests in California. I doubt there would be any consequences for the perpetrators (primarily Gavin Newsom aka Patrick Bateman), but it’s worth a spectacle given all the damage they’ve done.
Many of us have understood for a while that over-regulation via groups like the FDA prevents us from getting healthy food and effective medication in many cases.
Something I only realized recently: the reverse is true too! By claiming the title of "arbiters of safety," they are _also_ able to hoodwink the world into believing that potentially unsafe things are safe.
Without a corrupted, agency-captured government department involved, the free market would ultimately decide whether various food additives are safe or not.
In other words, the evils of centralized power were worse than I'd originally thought.
The most unbreakable thing is what’s already broken.
I can’t find my shoes.
My house is not gigantic.
Where could they have gone?
#haiku
People often use phrases like "free from political meddling" or similar. It sounds great. After all, who likes politicians getting involved in stuff?
If the outcome of getting rid of the politicians is "there's no government control," I'm all in favor of it.
Instead, often this phrase is used when some unaccountable government bureaucracy now has control over our lives. As bad as politicians are, we at least have some tacit control over them via elections. The unelected bureaucrats have no accountability.
So the next time you hear "free from politics," ask what _does_ control it.
#memes #memestr 

#memestr 

Modern “economics” believes that California wasting $100b on a train they’ll never finish is good for the economy because it created jobs.
In reality, it was malinvestment that sucked up productive resources that could have been spent elsewhere to actually make peoples lives better.
Ironically, the people who scream the most about the evils of money are the quickest to judge the merit of everything based on arbitrary monetary assessment instead of the actual impact on improving people’s lives.
I’ve determined that my three year old autistic son’s counting game this morning has O(n^2) complexity
Insightful and fair analysis of a complicated, controversial topic.