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nostr:npub1u87g378r0puytp7zxdl5awg2gmqvqc3vgtnh6a0vfgm4y8es7c3qam93f7 nostr:npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl 😂

GM Ratel

😂😂

Tbf I think Keynesian ideas are accompanied in mainstream economics by ideas of other schools of thought as well, which would be useful for Bitcoiners (and people advocating for freedom) to be aware of. They would be Neoclassical economics, Modern Monetary Theory, Behavioural economics and Public choice theory. All of these boil down to one thing - treating human beings like lab rats. Their method involves making hypotheses, testing their hypotheses in the 'real world', gathering evidence, identifying variables and adjusting for or trying to control these variables and then coming up with new hypothesis based on observed evidence. This is wildly useful for studying things that are always the same throughout history and don't differ from each other based on time or location - physics, chemistry, biology. Not so much for human beings who change with time, environment, upbringing, circumstances, genetics and culture. Despite that, this method has taken over politics, law, ethics and psychology. In fact, social sciences and humanities are dominated by this method. According to them, reasoning and reflecting on things is unscientific, while critically thinking about things and testing them with observation and evidence is scientific. Nothing is true and everything is just a hypothesis to be tested. (They apply this to everything - except the very claim that nothing is true and everything is just a hypothesis to be tested. That would make that claim itself not true and just a hypothesis. So there must be some truths that don't require hypothesising and testing. But this is swept under the rug.) Anyways, You'll find that a lot of people who recommend, propose, implement or enforce crazy policies and ideas are often driven by this method. They believe that truth and evidence is on their side and that they are 'right'. If not, they will amend the truth and evidence to make sure that they are right. Studying Austrian economics and the rational method would be a great way to tackle this. In addition to that, more and more people simply staying humble and stacking sats.

I believe the Austrian economists described these fields as being envious of true hard sciences. The logic reminds me of vaccine research. They always begin with the unproven claim that contagion theory is real. That disease spreads through tiny microscopic droplets that we can’t see. That these droplets have the capacity to wreak havoc on the entire body. Without real evidence, they start experimenting on people using all kinds of insane interventions. Did you know that they used to treat pellagra, a vitamin deficiency based disease, with arsenic? They’d pump people up with it and quarantine you if you showed symptoms of pellagra. After countless years and harm, they finally realized it wasn’t contagious and that the victims just needed niacin. The same problem led to countless deaths when they assumed scurvy was contagious. And yet, scientists have never been able to isolate a virus in its pure form outside of the human body. If you catch the flu from someone else with the flu, where did the flu come from? It’s frustrating and retarded because it allows them to set the boundary lines for research and debate on these subjects. They can just move the goalposts and find a different explanation when their theories don’t work. And if you question the foundation of their stance, instead of the baseless research, then you’re labeled anti science lmfao.

The key is to go deeper. It's about questioning the method of science, rather than science itself. That's where these people get all hoity-toity and claim that anything that doesn't follow their method is 'anti-scientific'.

This contributes to "GDP"