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frphank
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Autopoietic. Scratching things from chaos. Homesteading the noösphere. Opportunity farmer: Reading things that are not yet on the page. Haskell. Dollars only, thanks.

You don't have friends do you.

Replying to Avatar Cyph3rp9nk

Objective data on why it is not a good idea to print money and how during all this time we have lost purchasing power.

- Our parents could afford solid wood furniture, production processes have improved, therefore we should be able to buy the same furniture as our parents, and we are not. This applies to many building materials.

- By extension, it should be the same with housing, now a house is built faster because the production processes have improved and yet our parents had to spend many fewer years to afford it.

- The same applies to vehicles.

- Food has been especially sensitive to this. Many foods that were once considered poor people's foods, such as sardines, are now almost luxury delicacies. Many people can only eat cereal by-products, which is real garbage for the body, and cannot afford meat or fish in the necessary quantities.

- The only thing that has remained more affordable for a while, and even dropped in price, is electronics, because the deflationary advance of its development has been greater than the loss of purchasing power generated by the printing of currency.

Therefore, objectively, the printing of money has only served to impoverish those at the bottom and make those at the top richer, the present concentration of wealth is the greatest ever known from historical series, surpassing the period 1870-1914.

One only has to understand how the CPI works to know how evil Harari's words are. Normally wage increases in all countries are associated with the increase in CPI, this metric is manipulated downward, not reflecting the actual level of inflation, is the great swindle of the system, if this metric was associated with the real level, no one would gain anything and no one would lose anything, for someone to win someone else has to lose. This leads to salaries always lagging behind inflation and to the loss of purchasing power over time. If we distribute all the printed coins equally, nobody wins, everything stays the same, the coins have to be distributed only to a few, the Cantillon effect.

nostr:note1chrmj8jeapplg0cgmxz4hafd6vvqa730swkdsqz9anx40fhcfqvs9hcz2y

Inflation means your income will go up as much as consumer prices go up. If it does something else is at work.

A few random points/opinions:

I think the USA did pretty darn good when they got independence and I doubt everyone had an IQ above 130. Now imagine what can be done with the internet and bitcoin.

Isn't Dubai like 90% foreigners? It's basically a city that was built up in the middle of nowhere, populated by people with different backgrounds from around the world. The low amount of government economic interference and low taxes did wonders to attract them. I believe the world is actually becoming more decentralized and competitive, I see smaller countries forming in the future and that sounds like a spark of hope for the libertarian types. A world full of hundreds of Liechtensteins competing for labor and brainpower, doing what is best to improve their wealth and position in the world. Then everyone copying the methods that work best.

When the high IQ people invent new gadgets that improve quality of life, people adopt them in mass, dumb or smart. I think property rights is another one of these gadgets/tools, but it's a gadget being held back by many governments around the world. Once allowed to be unleashed, the masses will follow, they don't have to understand how it works, only that it works.

So yeah, maybe anarcho capitalism or libertarianism is not possible (for now) but it's a great bar to aim for, history favors those geographic locations that have embraced free markets and property rights to the highest extent. Ultimately, anarcho capitalism doesn't promise utopia, it simply offers the best possible mechanism to mitigate the formation of authoritarian controls upon a population. Bitcoin and the internet allows the productive modern man to vote with his feet and to help shape and foster communities of like minded people around the world.

nostr:npub1uw6lgv5qyexx68fwgdmwt3w7v3dwv679sray2ncpkug70ad7a8gqut3tay any thoughts? I'd like to hear your take on this.

Singapore doesn't have property rights btw and is doing just fine.

A few random points/opinions:

I think the USA did pretty darn good when they got independence and I doubt everyone had an IQ above 130. Now imagine what can be done with the internet and bitcoin.

Isn't Dubai like 90% foreigners? It's basically a city that was built up in the middle of nowhere, populated by people with different backgrounds from around the world. The low amount of government economic interference and low taxes did wonders to attract them. I believe the world is actually becoming more decentralized and competitive, I see smaller countries forming in the future and that sounds like a spark of hope for the libertarian types. A world full of hundreds of Liechtensteins competing for labor and brainpower, doing what is best to improve their wealth and position in the world. Then everyone copying the methods that work best.

When the high IQ people invent new gadgets that improve quality of life, people adopt them in mass, dumb or smart. I think property rights is another one of these gadgets/tools, but it's a gadget being held back by many governments around the world. Once allowed to be unleashed, the masses will follow, they don't have to understand how it works, only that it works.

So yeah, maybe anarcho capitalism or libertarianism is not possible (for now) but it's a great bar to aim for, history favors those geographic locations that have embraced free markets and property rights to the highest extent. Ultimately, anarcho capitalism doesn't promise utopia, it simply offers the best possible mechanism to mitigate the formation of authoritarian controls upon a population. Bitcoin and the internet allows the productive modern man to vote with his feet and to help shape and foster communities of like minded people around the world.

nostr:npub1uw6lgv5qyexx68fwgdmwt3w7v3dwv679sray2ncpkug70ad7a8gqut3tay any thoughts? I'd like to hear your take on this.

> competing for [...] brainpower

There would have to be some sort of advanced civilization out there that produces that brainpower.

Because brainpower isn't endowed from birth. It has to be developed. Dubai doesn't have that capability. It's a society of camel herders leeching from the rest of the world.

I root for the civilized world out there that produces brain power and has the stamina to resist the call of sirens like Dubai or Singapore.

Internal combustion engines are complicated too. That doesn't speak against them.

I had to stare at it for a while before I could read "explanation". Seems like there's more to it than just "beginning and end".