Hell yeah, just hit a 117.25 kg squat today for five reps (the barbell is 17.25 kg) 🫡
Room temperature ambient pressure superconductors are a BIG FUCKING DEAL
Greta Gerwig really went “Let’s introduce an exogenous shock to the evenly rotating economy”
Fascinating, i think i understand now. But correct me if I’m missing something.
The stock of capital goods as “economic potential energy” may be *priced* in terms of future discounted flows - if you knew them for certain - but since you don’t, you go by book value as the best possible appraisal. This of course needs a sound money to be in place so that the competitive bidding process can accurately reflect this potential, the idea being that through a weeding-out, tâttonement process, rational expectations ought to prevail. However, although *value* is derived/imputed from the future, those future flows only come about *physically* through a causal transformation of the capital goods. Thus causally, it is best to think of the stocks primarily existing (physically) and being transformed into consumable value through entrepreneurial action, while also needing to be replenished by the same.
Fascinating, i think i understand now. But correct me if I’m missing something.
The stock of capital goods as “economic potential energy” may be *priced* in terms of future discounted flows - if you knew them for certain - but since you don’t, you go by book value as the best possible appraisal. This of course needs a sound money to be in place so that the competitive bidding process can accurately reflect this potential, the idea being that through a weeding-out, tâttonement process, rational expectations ought to prevail. However, although *value* is derived/imputed from the future, those future flows only come about *physically* through a causal transformation of the capital goods. Thus causally, it is best to think of the stocks primarily existing (physically) and being transformed into consumable value through entrepreneurial action, while also needing to be replenished by the same.
Fascinating, i think i understand now. But correct me if I’m missing something.
The stock of capital goods as “economic potential energy” may be *priced* in terms of future discounted flows - if you knew them for certain - but since you don’t, you go by book value as the best possible appraisal. This of course needs a sound money to be in place so that the competitive bidding process can accurately reflect this potential, the idea being that through a weeding-out, tâttonement process, rational expectations ought to prevail. However, although *value* is derived/imputed from the future, those future flows only come about *physically* through a causal transformation of the capital goods. Thus causally, it is best to think of the stocks primarily existing (physically) and being transformed into consumable value through entrepreneurial action, while also needing to be replenished by the same.
I don’t quite understand the relevance of the stocks/flows distinction. Since capital is “economic potential energy”, isn’t the stock merely a discounted sum of flows? I.e net present value
Yeah i wonder how many of those types will be on here 🤔
Honestly not that hard
I love this client 😇
Did not realise i was inadvertently following the Meyers-Farrington law when monomaniacally stacking sats 🤙
First off i want to say how awesome Damus is whereby it doesn’t forcefully drag me back to Home Screen when i have this tweet/event open to come back to later.
If i understand correctly though, by your calculations, doesn’t Peter’s strategy have a greater expected value payoff? I would argue that that is perhaps a better metric than proportion of market-beaters in the portfolio
“Tell all the truth but tell it slant,
Success in circuit lies”
Clearly Emily Dickinson is talking about the greater productivity of roundabout methods of production 🧐
If only Tanya Deguracheff had read Rothbard’s ‘Toward a Reconstruction of Utility and Welfare Economics’ instead of the Chicago School 🧐😔
What i miss most about Twitter is the pull down to refresh feature. I want that dopamine kick
Pretty simple imo - genuine converts wouldn’t shill scams
Nostr just keeps getting better and better and better and…
Not so sure about the first part 🧐
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