I’ve read all three of his books. They’re fascinating.
Is Dr. Ammous as funny in real life as he is when making points in his book? Some of the correlations he makes to food and sludge is hilarious. I wanted to take the course just to hear him speak about “fiat food”.
Did you read the book first? Or are you going in without any knowledge of the book?
Have you read his other two books?
I just posted a reply to someone and it didn’t take. Maybe I forgot to hit the post button.
Test.
I don’t know bro…but one thing is for sure #nostr is real niche right now.
Folks like me still can’t figure it out.
You forgot the zaps and zapathons. Those I like.
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“Capitalism weaponizes human reason in the service of innovations that benefit humanity, and it rewards it to the extent it succeeds. If fiat allows governments to capture the beating heart of civilization, capitalism is the brain fighting back by incentivizing reason to find a solution to this problem.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
Maybe I’m missing something here. I make an on chain bitcoin transaction and you’re saying that the government will in some way find me and tax me? If I’m making an onchain transaction with the government then maybe yes, but how else would the government prove that the BTC transaction belongs to me?
Thomas Sowell is the man! I haven’t read the book you’ve posted, but I’ve read one of his greatest works titled Basic Economics a common sense guide to the economy.
“Finding fault with the concept of self-ownership and capitalist division of labor and civilization is not an argument. It is a glorified return to monkeys flinging their own feces at each other—merely a reversion to nonhuman animal life. The problem with being an opponent of capitalism is that you cannot do anything against capitalism that is any more complex than slinging your feces without becoming a capitalist. Any weapon more complex than your own feces requires delayed gratification and capital accumulation. Any weapon beyond what you can make with your bare hands requires participation in the global division of labor. The opponents of capitalism destroy their own ability to produce, specialize, and innovate, making themselves weaker and less impactful. Capitalist civilization continues to win because its opponents either fling their feces powerlessly at it, or engage in it to try to fight it, effectively supporting it and pushing it forward.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
It’s a bit different than that. This book gives really good insight into defense chapter 17, and civilization chapter 18 from an economical perspective.
Bitcoiners and no coiners alike would benefit from reading this book.
“Human civilization is inescapably linked to the economizing methods we have found to increase the value and quality of our time on Earth. Both require lowering time preference, capital accumulation, and the division of labor, which in turn require peaceful social cooperation and human ingenuity, which applies human reason to whatever problems it confronts and attempts to achieve the best outcomes possible. These are the three processes that elevate human labor above the labor of animals, allowing us to build civilization and increasingly master our environment and surroundings.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“A libertarian rejects the legitimacy of a government initiating aggression against a peaceful drug consumer, but would not reject the right of individuals to refuse to live next to, work with, or be part of the same security agency as a drug consumer.”
Principles Of Economicss by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“In a free market for security, private providers have no tax revenue to subsidize them, and so must economize to survive and succeed. They would aim to minimize violent conflict and, to the greatest extent possible, seek peaceful solutions because doing so is good business. Private security guards in private establishments have nowhere near the same nasty reputation as police, precisely because they operate in a free market with accountability to the customer, and they have rational market calculation motivating their decisions, training, and operation. Private security guards everywhere illustrate that it is possible to provide security without having a monopoly and without being in charge of applying and interpreting the law that governs your behavior.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
"Tax-funded security providers have no economic incentive to minimize human and monetary cost, as customer satisfaction is tangential to their job. They are able to take the least economic choices available, as their operation is not constrained by an operations budget or a budget for recruitment and training of manpower. Monopoly army and police can treat their members as dispensable cannon fodder since they are not being allocated by entrepreneurs who succeed or fail in their enterprise by their prowess in allocation. The startling trigger-happy nature of modern police, notorious for wasting life and endangering police and citizens alike, cannot be understood without reference to the lack of market discipline imposed on police services."
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“Rather than peaceful cooperation under the rule of law applicable to all, society under government eventually degenerates into competitive conflict and aggression between people seeking to gain control of the power to dominate others. One common statist objection to the idea of a free market in defense is that the largest, most powerful group of thugs will take over and control society. The anarchist’s response is that this is merely the reality of what the state is. Statists present their own cognitive enslavement as an argument for itself. Understood correctly, the state is the largest gang of thugs, and the progress of human civilization depends on minimizing the damage from this gang, not on commandeering it for the impossible task of using its license for evil to do good.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“The struggle for civilization is the struggle for humans to deal with each other based on the principle of non-aggression, where everyone agrees to respect the property rights of everyone else in their person and justly acquired property. When this principle is overturned in favor of a violent monopolist, the exception begins to seep into all other aspects of life, for the violent monopolist will seek to control all other aspects of life. And with the population conditioned to pliably accept the legitimacy of violent coercion in the sphere of defense and law, it is not very difficult to convince them to extend it to other aspects of life, beginning with money, as in modern fiat capitalist economies, and ending with the concept of property itself, as in communist societies.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
“The more time one spends examining modern state-funded schools and universities, the more one sees their entire purpose as consisting of promoting acquiescence to the state.”
Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak