The Bob Murphy Show ep 291 - Douglas Robert Uses MMT to Challenge Bob's Recession Call
Douglas Robert is a recovering Austrian who subscribes to the MMT framework as being the most useful for trading. He has a friendly debate with Bob over the inverted yield curve and whether a recession is at hand.
TFTC #451: UTXOracle with Steve Jeffress & Daniel Hinton
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The Austrian School's Deductive Approach: A Beacon for Economic Understanding
My latest from the #Mises Institute
https://mises.org/wire/austrian-schools-deductive-approach-beacon-economic-understanding
Economics, Mises pointed out, is too vital to be confined to the esoteric realms of academia. It grapples with the fundamental issues of society and belongs to all. By empowering the public with a deep understanding of economics, economists equip individuals with the ability to critically evaluate market mechanisms, expose economic myths, and resist the lure of misguided policy interventions. Far-reaching economic education fortifies society against the destructive influence of coercive utopianism, fostering a culture that values individual liberty, entrepreneurship, and long-term prosperity. As such, it is our shared responsibility to vigorously disseminate the light of economic reasoning, banishing the fog of fallacy and unlocking humanity’s boundless potential.
When a state does not adequately protect the rights and property of its people, it leads to questions about whether the state is working effectively and whether it has legitimacy. Possible alternative approaches that rely more on market forces and voluntary cooperation may be worth exploring as ways to better secure individual rights and property.
Furthermore, the state's failure demonstrates its illegitimacy, as no government has the right to monopolize defense and legal services. The solution is a purely voluntary society based on private property and individual rights, with security and justice provided through market competition rather than coercive government.
In matters of state warfare allegiance, I refrain from taking sides. My commitment lies with safeguarding the rights and property of individuals while opposing any act of violence initiated against them.
She is brand new 😎 https://video.nostr.build/d10239eb4ec3493d1fe87364e572870868b8e4e225da46018c0c632c2ba81878.mov nostr:note1xdnhr7xhdauvxq0q3w4xpgl6zswsc0wewrrj33w3ujef0z5rqxps30a9y3
When WI?
Bitcoin Optech newsletter #271 is here:
- summarizes a proposal for remotely controlling LN nodes using a hardware signing device - describes privacy-focused research and code for allowing LN forwarding nodes to dynamically split LN payments - looks at a proposal for improving LN liquidity by allowing groups of forwarding nodes to pool funds separately from their normal channels - Optech Newsletter #271 Recap on Twitter Spaces
https://bitcoinops.org/en/newsletters/2023/10/04/
Bastien Teinturier posted to the Lightning-Dev mailing list about a proposed BLIP that would specify how a user could send signed commands to their LN node from a hardware signing device (or any other wallet)...
https://bitcoinops.org/en/newsletters/2023/10/04/#secure-remote-control-of-ln-nodes
Gijs van Dam posted to the Lightning-Dev mailing list about a plugin he’s written for Core Lightning and some research he’s performed related to it. The plugin allows forwarding nodes to tell their peers that they support payment splitting and switching (PSS)...
https://bitcoinops.org/en/newsletters/2023/10/04/#payment-splitting-and-switching
ZmnSCPxj posted to the Lightning-Dev mailing list a suggestion for what he calls sidepools. This would involve groups of forwarding nodes working together to deposit funds in a multiparty state contract—an offchain contract (that is anchored onchain similar to an LN channel) that would allow funds to be moved between the participants by updating the offchain contract state...
https://bitcoinops.org/en/newsletters/2023/10/04/#pooled-liquidity-for-ln
Bitcoin Optech will host an audio recap discussion of this newsletter with special guest Gijs van Dam on Twitter Spaces Thursday at 15:00 UTC. Join us to discuss or ask questions!
Every individual engages in economic calculation when he plans his daily schedule of action—going to work, cooking meals, playing sports, pursuing hobbies, etc. Economics just makes explicit what is involved in everyday decision making.
Consciously or not, all individuals engage in economic thinking and economizing behavior by weighing costs and benefits to allocate scarce resources. Formal economics just articulates the universal logic behind these everyday actions.
Economics touches everything that has to do with choosing and acting. The choices people make about fundamental aspects of their lives are economic phenomena. No social phenomena can be fully understood without grappling with its economic aspects.
AI Unchained #007 - Global Markets for GPU Power with Christopher David
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