Michael Snoyman's avatar
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
“We just want the rich to pay their fair share.” OK here’s my definition of fair share. image
Inflation is the extraction of value from moneyholders to whomever the moneyprinters wish to unfairly reward. Deflation is value paid by new producers to all existing moneyholders to reward them for producing value in society and saving their money instead of hedonistically spending it.
The past 5 years (since the beginning of COVID insanity) has felt like the cursed version of "may you live in interesting times." The world's beginning to feel like we're about to have the blessed version of interesting times instead. Here's hoping! Regardless: keep stacking #Bitcoin
I get the point of this meme, but didn’t we all universally mock Bully McGuire for like 20 years? I think the hatred of awkward dancing is gender-agnostic. image
One of the few non Austrian economics ideas that makes sense to me is velocity is money. The more often the same unit of money is used in transactions, the larger it’s impact on things like inflation. However, per my understanding, Austrian economics does not use this concept. Can anyone explain how Austrian economics addresses this? #economics #asknostr
The true definition of conspiracy theorist is “someone who sees the incentive structures present and see where corruption likely resides.”