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Be on your guard; stand firm in the faith; be courageous; be strong. Do everything in love. 1st Corinthians 16:13-14

All my ideologies and philosophies on what I deeply considered to be true have been changed simply by studying economics.

You should try it too.

“In the early twenty-first century, a book titled Twilight in the Desert concluded that “Sooner or later, the worldwide use of oil must peak” and that is because “oil, like the other two fossil fuels, coal and natural gas, is nonrenewable.” That is certainly true in the abstract, just as it is true in the abstract that sooner or later the sun must grow cold. But that is very different from saying that this has any relevance to any problem confronting us in the next century or the next millennium. The insinuation, however, was that we faced some enduring energy crisis in our own time, and the fact that the price of crude oil had shot up to $ 147 a barrel, with the price of gasoline shooting up to $ 4 a gallon, lent credence to that insinuation. But, in 2010, the New York Times reported:

Just as it seemed that the world was running on fumes, giant oil fields were discovered off the coasts of Brazil and Africa, and Canadian oil sands projects expanded so fast, they now provide North America with more oil than Saudi Arabia. In addition, the United States has increased domestic oil production for the first time in a generation.{”

— Basic Economics by #ThomasSowell

https://a.co/9kToph1

“How much of any given natural resource is known to exist depends on how much it costs to know. Oil exploration, for example, is very costly. In 2011, the New York Times reported: Two miles below the ocean floor, on a ridge the size of metropolitan Houston, modern-day wildcatters have pinpointed what they believe is a major oil field. Now all they have to do is spend $ 100 million to find out if they’re right.{”

— Basic Economics by #ThomasSowell

https://a.co/0E0pUFa

-Petroleum-

Petroleum, or crude oil, is a fossil fuel and nonrenewable source of energy.

https://education.nationalgeographic.org/resource/petroleum/

“Whether a home, business, or farm is maintained, repaired or improved today determines how long it will last and how well it will operate in the future. However, the owner who has paid for repairs and maintenance does not have to wait to see the future effects on the property’s value. These future benefits are immediately reflected in the property’s present value. The “present value” of an asset is in fact nothing more than its anticipated future benefits, added up and discounted for the fact that they are delayed.”

— Basic Economics by #ThomasSowell

https://a.co/75BbHAN

“One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day.”

— Basic Economics by #Thomas Sowell

https://a.co/1elsK1R

Replying to Avatar Scott Wolfe

Hello, #nostr peeps. A little Steven Wright to lighten up your day!

1 - I'd kill for a Nobel Peace Prize.

2 - Borrow money from pessimists -- they don't expect it back.

3 - Half the people you know are below average.

4 - 99% of lawyers give the rest a bad name.

5 - 82.7% of all statistics are made up on the spot.

6 - A conscience is what hurts when all your other parts feel so good.

7 - A clear conscience is usually the sign of a bad memory.

8 - If you want the rainbow, you got to put up with the rain.

9 - All those who believe in psycho kinesis, raise my hand.

10 - The early bird may get the worm, but the second mouse gets the cheese.

11 - I almost had a psychic girlfriend, ..... But she left me before we met.

12 - OK, so what's the speed of dark?

13 - How do you tell when you're out of invisible ink?

14 - If everything seems to be going well, you have obviously overlooked something.

15 - Depression is merely anger without enthusiasm.

16 - When everything is coming your way, you're in the wrong lane.

17 - Ambition is a poor excuse for not having enough sense to be lazy.

18 - Hard work pays off in the future; laziness pays off now.

19 - I intend to live forever ... So far, so good.

20 - If Barbie is so popu, why do you have to buy her friends?

21 - Eagles may soar, but weasels don't get sucked into jet engines.

22 - What happens if you get scared half to death twice?

23 - My mechanic told me, "I couldn't repair your brakes, so I made your horn louder."

24 - Why do psychics have to ask you for your name

25 - If at first you don't succeed, destroy all evidence that you tried.

26 - A conclusion is the place where you got tired of thinking.

27 - Experience is something you don't get until just after you need it.

28 - The hardness of the butter is proportional to the softness of the bread.

29 - To steal ideas from one person is plagiarism; to steal from many is research.

30 - The problem with the gene pool is that there is no lifeguard.

31 - The sooner you fall behind, the more time you'll have to catch up.

32 - The colder the x-ray table, the more of your body is required to be on it.

33 - Everyone has a photographic memory; some just don't have film.

34 - If at first you don't succeed, skydiving is not for you.

35 - If your car could travel at the speed of light, would your headlights work

That’s a pretty ballzee hairstyle!

Dreams without goals are just dreams and ultimately they fuel disappointment.

On the road to achieving your dreams you must apply discipline, but more importantly consistency. Because without commitment you’ll never start. But without consistency, you’ll never finish.

What do you think of the FedNow…? If it is what I believe it is, it should replace domestic wire transfers at the very least. Your thoughts…. https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm

And here it is people. Run Bitcoin asap! https://youtu.be/WGOW_1cYgM4

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