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crany 👽🧡🗿
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Bitcoin enthusiast, nostrich, crypto hobbyist, technologist, libertarian, optimist, human.

Donald Trump has once again put one of his favorite economic strategies on the table: imposing tariffs on foreign products. From the Austrian economics perspective, this measure is simply a form of state interventionism that distorts the free market and harms both consumers and producers.

1. Tariffs Don’t Protect the Economy—They Weaken It

Trump justifies tariffs as a way to protect domestic industries, but Austrian economists see them as an artificial barrier that reduces economic efficiency. When the government imposes a tariff, the price of imported goods rises, forcing consumers to pay more or settle for lower-quality products.

2. Benefit for a Few, Cost for Everyone

Tariffs do not create wealth; they merely redistribute benefits. Certain protected sectors may gain in the short term, but at the expense of the rest of the economy. In the end, consumers pay more, and local industries, shielded from real competition, have fewer incentives to innovate or improve.

3. The Myth of “Bringing Jobs Back”

Trump argues that tariffs encourage domestic production and create jobs. However, Austrian economists point out that wealth is generated by allowing capital to flow freely to where it is most productive. Instead of forcing production in inefficient sectors, free trade allows each country to specialize in what it does best.

4. Unintended Consequences

The market is a complex system with millions of daily interactions. Tariffs distort prices, create shortages of certain goods, and can lead to retaliatory trade measures from other countries. In the worst-case scenario, this could escalate into a trade war that harms the global economy.

Conclusion

From the Austrian economics perspective, Trump’s tariffs are a failed attempt to manipulate the market. Instead of strengthening the economy, they destroy competitiveness, raise prices, and punish consumers. True prosperity doesn’t come from protectionism but from free trade and respect for private property.

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I hope they are more "temporal" than recent inflation

Thanks for sharing. These cams are prolific in my home area. Good resource here to check.

On the script to exploit the vulnerability, the github for it says:

"1/9/2025 - Following media reports and action from Motorola, it looks like most Motorla ALPRs have been taken offline, so this script is unlikely to work anymore."

we've got both Moore's law for compute and Nielsen's Law for bandwidth going for us.

for users with unlimited 5G+ or wired access and fair use unmetered plans, I'm not sure it needs to be solved for them

for users on metered plans and 3G/4G mobile networks, perhaps. this would impact usage in developing nations the most

i think it's possibly solvable with relay focused, interoperable NIPs that clients can adopt to make traffic more efficient

nice correlation chart 📈

wish he had worn the orange tie like he did at the summit

Replying to Avatar eliza

I'm in bed now so I don't misbehave lol

Replying to Avatar Uncle Ted ⚡️

Today is a great day.

I finally got my Datum Gateway running on nostr:nprofile1qqsq9k04vahllseell55m74n3047y88pzlr0z5yany32st29fapqmgstcvu4w and nostr:nprofile1qqs9df4h2deu3aae83fmet5xmrlm4w5l9gdnsy3q2n7dklem7ezmwfc6c32nl . It was something I thought was not technically feasible for me. You have to remember that I was living in a cabin in Montana a couple of years back…

And the icing on the cake, I was fortunate enough that I could convert some dirty fiat for some #sats at a 20% discount.

Life is good🙏

#grateful

#mining

#nostr

#bitcoin

#pool

it takes a week or so for DATUM earnings to optimize so don't be surprised by a lower daily figure of rewards initially