“The capitalist entrepreneur is the most important actor in the economic system, as he stakes his own property on his ability to anticipate changes correctly. He is the force that affects change and creates economic reality.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“The capitalist entrepreneur is the most important actor in the economic system, as he stakes his own property on his ability to anticipate changes correctly.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“In his analysis of socialism in 1922, when most economists were taken by this popular new idea sweeping the globe, Mises correctly identified the Achilles heel of socialist economic systems as the inability to perform calculations to allocate capital goods without considering the private property rights associated with them. There is no rational means of ascertaining how to allocate resources without property, prices, and a market for entrepreneurs and consumers to conduct economic calculation.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
What do you understand “the mark of the beast” to be?
#WWJD
Give the government what is theirs.
They said, “Caesar's.” Then he said to them, “Therefore render to Caesar the things that are Caesar's, and to God the things that are God's.” When they heard it, they marveled. And they left him and went away.
“Misguided climate science has metastasized into massive shock-journalistic pseudoscience.”
-Dr. John F. Clauser, winner of the 2022 Nobel Prize in Physics.
Yes sir. Follow this brother’s work. I’ve known him a long time. He speaks truth unapologetically.
“Rather than produce for himself the goods he needs, a participant in the market economy specializes in providing the goods he produces best for other people and relies on other people for procuring the goods he himself needs. Profoundly, the capitalist market system makes people specialize in what they do best and focus on how to provide value for others, rather than focusing on what they value. People choose to serve others in a capitalist system because it is far more productive and efficient than working for yourself alone in isolation from the division of labor.”
Principles Of Economics y nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“No matter how attractive the spoils of coercion may be, they will always pale in comparison to the rewards possible from cooperation. Man’s animal instinct elicits fear of the other, but man’s reason can also identify the benefits of cooperation, in effect creating a civilized society.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“Women are far more likely to be able to support themselves independently in an industrial and informational economy than in a primitive economy. It is no coincidence that female liberation has come about with industrialization. The richest and most industrialized societies are the ones with the highest achieving and most independent women, while the preindustrial societies continue to witness widespread female repression.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“Economics, as a field, is the study of human choices under scarcity. It focuses on analyzing how humans attempt to find solutions to the problem of disparity between what they have and what they want and the consequences of their choices.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
People do it all the time in the bitcoin space. I don’t even ask anymore. They know no one knows what the heck they’re talking about.
A lot of “I’m smarter than everyone in the room” syndrome in bitcoin.
I need to learn how to do this on my node as well. Any recommendations on a tutorial. I’m currently using nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 now on my iOS device.
“Technological innovation is born from the desire to achieve ends and secure profits by serving others.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak