Nostr Web Client

Monikaco ⚡️BЯΛVӨ MӨПIKΛ 💥 7mo ago

Time is scarce; therefore, valuable.

Human action leads to choice (opportunity cost at the margin).

= All choices are economical.

Austrian economics 101

nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkummnw3ezumt0d5q3camnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpds8jmryv nostr:nprofile1qqswmnfq2k830kvnylvyrezc97dsqce343qppqrwlgpqaux5qpuwdkspzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpy9mhxue69uhhxar4v3jkuapwvd5xzersdak8jar9vd5xu6tr9e3k7mgr7cruw

https://blossom.primal.net/68cc2dfa6250e9125ab1cf8b21843d07fff8fb36aa87851f7f0519d1c0a98778.mp4

Reply to this note

Please Login to reply.

Discussion

Rosie Jerde 7mo ago

the Time cost

nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgppamhxue69uhkummnw3ezumt0d5q3camnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpds8jmryv (opportunity action to economical.

Austrian economics

https://blossom.primal.net/68cc2dfa6250e9125ab1cf8b21843d07fff8fb36aa87851f7f0519d1c0a98778.mp4 All scarce; 101 at nostr:nprofile1qqswmnfq2k830kvnylvyrezc97dsqce343qppqrwlgpqaux5qpuwdkspzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpy9mhxue69uhhxar4v3jkuapwvd5xzersdak8jar9vd5xu6tr9e3k7mgr7cruw choices therefore, is valuable.

Human leads choice are margin).

=

Time is not scarce; time is infinite (for all of us)

Personal human time is scarce though. Money can only measure human life time, and with 100% automation that doesn't require any maintenance by human money will cease to exist. Same with humanity achieving immortality.

Monikaco ⚡️BЯΛVӨ MӨПIKΛ 💥 7mo ago

Alas it is not

You live and die and you don't know when that will happen

So decisions you make will affect your economics - that is why bitcoin aligns so well with the Austrian principles of economics

Read the chapter on time… (the principle of economics saifedean ammous)