Yeah, it’s been a few years myself. Definitely worth a reread. One of those things that after you’ve acquired new knowledge I might actually appreciate certain aspects of it more to be honest.
The book that really got my gears to turning, and has irrevertibly sent me down a path of liberty seeking discovery. I guess you could say it woke me up from the matrix. Highly recommended reading.
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One of the biggest drivers of change in my life has been the discovery of Austrian economics and classical liberal thought. It feels like waking up from a dream, and now literally every aspect of the world at large looks different. I’ll never see the same again.
https://austriancenter.com/a-glimpse-of-history/
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What is the fundamental implication here?
Anyone have recommendations on hosting companies for miners?
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Not to be tit for tat, but I’m just alluding to the fact that money transfers as they stand are centralized in an old manner as they’ve always been. Doubtless Western Union and the like provide a service, and a service people are willing to pay for, but we are living in a transitional era where many technologies and services are operating side by side. If you’ve ever used Lightning, you’ll realize how redundant services like Western Union are becoming. I realize it’s early, but I think it’s justifiable to speculate that they will have to adapt as new competitors start offering Lightning based services to these markets.
Not saying it doesn’t work. The point is it works but at a cost that’s predatory to certain populations of the world that could otherwise utilize a burgeoning technology to save precious value. Virtually free monetary exchanges versus 3-6% makes a world of difference when you don’t have a pot to piss in.
I don’t believe money is neutral in an economy, short run or long run. Especially so in the long run if the overall assumption is that prices and wages will “adjust” to the new monetary level. In the REAL world, not academic economic fantasyland, we all know it takes forever if not at all for prices and wages to adjust, and none of which adjust with any sense of equilibrium, which in itself contributes to calculation and economic uncertainty. So to say money is neutral, in this respect, seems completely fallacious.
https://www.econlib.org/money-multipliers-on-mars/
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Western Union is trash. The horse and buggy of payment systems. Might as well read by candle light.
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End meddling in foreign affairs. Cooperation, not coercion. Only through separation of money and State will such be achieved.
https://snbchf.com/2024/03/okeeffe-violence-haiti-preview-libertarian-society/
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And remember, unbridled credit expansion and uncheck fiscal irresponsibility only ends one way, the crack up boom and hyperinflation.
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God I love volatility.
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I really can’t see how anyone who’s ever used #Lightning can deny that it is the death blow to banking and payments as the world has known it. It’s remarkable.
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Rarely do I ever hold or use physical cash, but on this day I tried to use some freshly printed 20’s right out of the ATM at a local hardware store…and got promptly rejected and told by the cashier that he couldn’t accept them.
When I asked him why he responded with, “I mean…just feel look and feel them.”
Bitcoin fixes this? 🤔
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DXY to 2020 lows, BTC to 350k.
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Once you’ve read Mises, Rothbard, Sowell, Hoppe, and Friedman, watching CNBC and listening to all the talking heads just seem asinine.
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You get Bitcoin for exactly the price you deserve, until exactly this, you literally can’t get it any more.
Stock up on that corn insurance ladies and gents. The storm is coming.
https://www.zerohedge.com/geopolitical/whats-next-when-policy-makers-can-no-longer-hide-their-sins
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