Government Spending Leads To Hyperinflation with nostr:npub1xr4duv928lxxkl8ease7elutw77zmagph387az2fcg5clr2e43zq6sf6z3
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nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_778 - Durabit, Incentivizing Torrent Seeders ( nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde )
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You stand in the midst of the greatest achievements of the greatest productive civilization, and you wonder why it’s crumbling around you.
Fix the money. Fix the world.
Understanding Money Mechanics with Bob Murphy (WIM397)
There is no opting out of economics and economic choice except through death. You may not like specific institutions such as private property or labor, but choosing to not engage in them simply excludes you from larger, more productive circles of economic activity. If you are alive and you strive to remain alive, you are bound to seek to survive through the tools of economizing action. Everyone engages in economizing acts every day of their lives without having to learn economics. But learning economics can help the mind consciously understand the importance of acts in which it engages, and how complex structures and institutions emerge from them. While learning economics is not necessary for economizing, which is a natural function of our reason, it is necessary for the fostering and survival of an extended market order in which humans are able to economize freely, cooperate with one another, and prosper. Individuals are capable of engaging in market transactions but can lose sight of their importance, resulting in political structures that suppress this type of economic action, with devastating consequences.
- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
The economizing of time is the ultimate economizing act, from which all economic decisions flow.
- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
Man is subject to the passing of time. He comes into existence, grows, becomes old, and passes away. His time is scarce. He must economize it as he economizes other scarce factors. The economization of time has a peculiar character because of the uniqueness and irreversibility of the temporal order.
- Mises
Since the value of goods is derived from their ability to provide us with satisfaction, and since different satisfactions have unequal value to us, the value of different units of the same good will also be unequal, as it depends on the satisfactions they meet. The same good will have a different value to the same person depending on what need of his it meets at a given point in time.
Individuals use the first unit of a good to meet the most important and pressing needs related to it. They will use the second unit to meet the second most pressing need. As the quantity of the good they own increases, the needs that are met are less valuable and less pressing. In other words, identical goods will have different values for individuals, because the utility derived from them is not identical. The first units are the most valuable, and as the number of units consumed increases, each marginal unit is less valuable than the previous one.
Menger thus illustrated that the valuation we place on goods is not dependent on their total or overall utility and that their utility is not something inherent to these goods in the abstract, regardless of their quantities. Rather, the importance that we attach to goods is inextricably dependent on the quantity of those goods, and their quantity in relation to the existing supply of the good we have at our disposal. Humans make decisions based not on the total or abstract utility of an object but on the utility offered by distinct quantities of the good and their ability to satisfy our distinct needs.
- nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
"Moreover, it should also be borne in mind that the powerful “fiat money system”—the collusion of states, banks, major institutional investors, and large companies—will not be so easy to upset. Should the rise in interest rates become too strong from a political point of view, yet another deep dive into the bag of tricks can be expected. Central banks, for example, will start buying government bonds again, thereby fixing long-term and short-term interest rates at “reasonable” levels. Of course, all of these monetary policy tricks basically amount to one thing: paying off the outstanding bills with newly created money—or in other words, inflation policy.
That is the big lesson that can be drawn from the interest rate shock resulting from the Ponzi scheme in the debt markets: the systematic decline in the purchasing power of money, even if short-term relief is granted, is almost certain."
https://mises.org/wire/interest-rate-shock-will-blow-governments-ponzi-game
I thought he was a maxi now? 🤣
The arrogance to suggest that you own yourself.
Recommendation ‼️
After Godzilla 🎥 go to Omakase with #Plebs 🤙 Shinobi, nostr:npub1t42gfjzfv74v8xrv65f2lrwd65jr85ysrtdmkkfrvqgcss5r4g0qk487qz nostr:npub1r7psmkr4zv93xnal8un6d8hvmpsn5jvhfzn3kk38rfcel6awznks7znspg 🫂 
https://video.nostr.build/9c102376c8c474deccfbb6cb84d4554666e2ce0862574b12104b2c604036b9da.mp4
Bum, bum, bum, bum
The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction
My latest from the #Mises Institute
https://mises.org/wire/inevitable-bust-why-economic-booms-contain-seeds-their-own-destruction
Man is nothing else but what he makes of himself