“Politics allows people to vote for the impossible, which may be one reason why politicians are often more popular than economists, who keep reminding people that there is no free lunch and that there are no “solutions” but only trade-offs. In the real world that people live in, and are likely to live in for centuries to come, trade-offs are inescapable. Even if we refuse to make a choice, circumstances will make choices for us, as we run out of resources for many important things that we could have had, if only we had taken the trouble to weigh alternatives.”
— Basic Economics by #ThomasSowell
⚡️#Nostr Zap Competition ⚡️
1. Follow us on Nostr: npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n
2. Renote this in comments of this post ⬇️
note180g4yc6rl4seq480hv0exc9kwjzmyxzl75n0hn8s02cr698eryqszsedje
🔥 First 100 Nostriches that successfully renote in the comments will get Zapped 2K sats each!
#BuildOnL2
“A long-standing staple of political rhetoric has been the attempt to keep the prices of housing, medical care, or other goods and services “reasonable” or “affordable.” But to say that prices should be reasonable or affordable is to say that economic realities have to adjust to our budget, or to what we are willing to pay, because we are not going to adjust to the realities. Yet the amount of resources required to manufacture and transport the things we want are wholly independent of what we are willing or able to pay. It is completely unreasonable to expect reasonable prices. Price controls can of course be imposed by government but we have already seen in Chapter 3 what the consequences are. Subsidies can also be used to keep prices down, but that does not change the costs of producing goods and services in the slightest. It just means that part of those costs are paid in taxes.”
— Basic Economics by #ThomasSowell
“Taking into account both discernible geographic, cultural and other patterns that present either wide or narrow opportunities for different peoples in different places and times, and unpredictable happenstances that can disrupt existing patterns of life or even change the course of history, suggests that neither equality of economic outcomes nor the indefinite persistence of a particular pattern of inequalities can be assumed. What the centuries ahead will be like, no one can know. But much may depend on how well the many peoples and their leaders around the world understand what factors promote economic growth and what factors impede it.”
— Basic Economics by #ThomasSowell
Human Capital
“Physical wealth may be highly visible, but human capital, invisible inside people’s heads, is often more crucial to the long-run prosperity of a nation or a people. John Stuart Mill used this fact to explain why nations often recover, with surprising speed, from the physical devastations of war: “What the enemy have destroyed, would have been destroyed in a little time by the inhabitants themselves” in the normal course of their consumption, and would require replenishing. Given the wear and tear on capital equipment, constant reproduction of new equipment would likewise be required.{ 901} What the war does not destroy is the human capital that created the physical capital in the first place.”
— Basic Economics by #ThomasSowell
Wile I do not want to disagree with you but are is another view about modern agriculture.
Pick up a copy of:
https://www.amazon.com/Ishmael-Novel-Daniel-Quinn/dp/0553375407
Drop a quote from that book. I’d love to read it.
FYI: I quote from Thomas Sowell’s book simply as a reference and as point of interesting information. I don’t necessarily agree with everything in the book. For example here is a quote I came across that I’m going to dig a bit more into. Please let me know your thoughts.
“Although much of the Western Hemisphere seems geographically similar to Europe, in terms of land, climate and waterways, it was a profoundly different economic setting for the indigenous peoples of North and South America before the Europeans arrived. What was totally lacking throughout the Western Hemisphere when the Europeans arrived were horses, oxen or other heavy-duty beasts of burden. The whole economic way of life that existed in Europe for centuries would have been impossible without horses—and was impossible in the Western Hemisphere before the Europeans brought horses across the Atlantic. Severely constrained transportation options meant that the cultural universe in the Western Hemisphere was for millennia much smaller than the cultural universe available to the people living in much of Europe, Asia or North Africa.”
— Basic Economics by #ThomasSowell
“Agriculture—perhaps the most life-changing innovation in the history of the human species—came to Europe from the Middle East in ancient times, so that Europeans who happened to be located in the eastern Mediterranean, closer to the Middle East, received this epoch-making advance, moving them beyond the era of hunter-gatherers, centuries before those Europeans living in northern Europe. Agriculture greatly reduced the amount of land required to provide food to sustain a given number of people, and thus made cities possible.”
— Basic Economics by #ThomasSowell
I have absolutely no clue what the heck I’m doing on nostr.
I started orange piling some folks. They’re half baked. Lol
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What “accidents” are you speaking about?
Other than it being unattractive to see a toilet seat up, why is “the toilet seat up” seemingly a trigger for so many? I never did get this.
Full disclosure: I prefer the toilet seat and lid closed. I think it looks more orderly when you enter a bathroom. It’s just my preference. I’m intentional about closing both the seat and the lid.
With that said, other than aesthetics why do you believe it’s so troubling to some folks to see a toilet seat up?
nostr:npub1r73gmgu7rjstdwuskshn9ztj9rrdrprl5y435yrmtc9qtq4ausfqr0v7zy speaking with the community. nostr:note1dd0z92g4e0wlej6pc4nxz2vkvxrwt9g6gqhphnzwp8v6dl53u53st2jryt
By the President of the United States of America:
A Proclamation.
Whereas, on the twenty-second day of September, in the year of our Lord one thousand eight hundred and sixty-two, a proclamation was issued by the President of the United States, containing, among other things, the following, to wit:
"That on the first day of January, in the year of our Lord one thousand eight hundred and sixty-three, all persons held as slaves within any State or designated part of a State, the people whereof shall then be in rebellion against the United States, shall be then, thenceforward, and forever free; and the Executive Government of the United States, including the military and naval authority thereof, will recognize and maintain the freedom of such persons, and will do no act or acts to repress such persons, or any of them, in any efforts they may make for their actual freedom."
"That the Executive will, on the first day of January aforesaid, by proclamation, designate the States and parts of States, if any, in which the people thereof, respectively, shall then be in rebellion against the United States; and the fact that any State, or the people thereof, shall on that day be, in good faith, represented in the Congress of the United States by members chosen thereto at elections wherein a majority of the qualified voters of such State shall have participated, shall, in the absence of strong countervailing testimony, be deemed conclusive evidence that such State, and the people thereof, are not then in rebellion against the United States."
Now, therefore I, Abraham Lincoln, President of the United States, by virtue of the power in me vested as Commander-in-Chief, of the Army and Navy of the United States in time of actual armed rebellion against the authority and government of the United States, and as a fit and necessary war measure for suppressing said rebellion, do, on this first day of January, in the year of our Lord one thousand eight hundred and sixty-three, and in accordance with my purpose so to do publicly proclaimed for the full period of one hundred days, from the day first above mentioned, order and designate as the States and parts of States wherein the people thereof respectively, are this day in rebellion against the United States, the following, to wit:
Arkansas, Texas, Louisiana, (except the Parishes of St. Bernard, Plaquemines, Jefferson, St. John, St. Charles, St. James Ascension, Assumption, Terrebonne, Lafourche, St. Mary, St. Martin, and Orleans, including the City of New Orleans) Mississippi, Alabama, Florida, Georgia, South Carolina, North Carolina, and Virginia, (except the forty-eight counties designated as West Virginia, and also the counties of Berkley, Accomac, Northampton, Elizabeth City, York, Princess Ann, and Norfolk, including the cities of Norfolk and Portsmouth[)], and which excepted parts, are for the present, left precisely as if this proclamation were not issued.
And by virtue of the power, and for the purpose aforesaid, I do order and declare that all persons held as slaves within said designated States, and parts of States, are, and henceforward shall be free; and that the Executive government of the United States, including the military and naval authorities thereof, will recognize and maintain the freedom of said persons.
And I hereby enjoin upon the people so declared to be free to abstain from all violence, unless in necessary self-defence; and I recommend to them that, in all cases when allowed, they labor faithfully for reasonable wages.
And I further declare and make known, that such persons of suitable condition, will be received into the armed service of the United States to garrison forts, positions, stations, and other places, and to man vessels of all sorts in said service.
And upon this act, sincerely believed to be an act of justice, warranted by the Constitution, upon military necessity, I invoke the considerate judgment of mankind, and the gracious favor of Almighty God.
In witness whereof, I have hereunto set my hand and caused the seal of the United States to be affixed.
Done at the City of Washington, this first day of January, in the year of our Lord one thousand eight hundred and sixty three, and of the Independence of the United States of America the eighty-seventh.
By the President: ABRAHAM LINCOLN
WILLIAM H. SEWARD, Secretary of State.
