Nostr Web Client

"despite holding the most prestigious award in the economics profession and being the author of a long-standing economics textbook, Professor Nordhaus doesn’t understand even the basic economics of property and rivalrousness."

https://mises.org/wire/cultural-appropriation-nontheft-something-no-one-owns

Joakim Book 2y ago

If certain (pretty evil) people's actions don't make sense to you, it's usually because they're not maximizing the task you THINK THEY ARE.

Dr. Fauci was _very_ good at his job -- it just wasn't the job you thought it was.

Similarly,

"The Fed and US Treasury aren’t incompetent, they just don’t work for you."

https://thebitcoinlayer.substack.com/p/rich-in-the-70s-is-poor-in-2023

Plan accordingly.

https://twitter.com/joakimbook/status/1701303931941302288

Replying to

Stacking Functions

Like Matt said this is just #churning for sign up bonuses/miles.

Show me an incentive and I’ll show you an outcome.

Most sign up for a year, meet the minimum spend, get bonus, then downgrade/cancel when the Annual Fee comes up the following year.

They do not carry a balance if they know what they’re doing, and there’s a lot of wasteful “manufactured spending” (think buying rolls of quarters with a card then depositing them back into a bank, gift cards, etc)

I haven’t paid for a flight with money since 2015 when I learned about it. Not for everyone though..

Joakim Book 2y ago 💬 1

congrats. You got yourself a low-paid job.

Courtesy of nostr:npub102hlt959hwackt757fm6e27fjcl45meutv5c52333kazuqf05ghq0xdes6

https://bitcoinmagazine.com/culture/bitcoin-songsheet-airline-miles

Replying to

Josef Tětek

What’s really cool is having my Nostr zaps linked to my Bolt ring, so I can buy myself beers with a wave of my hand, courtesy of plebs from all around the world.

Internet magic money indeed.

https://nostrcheck.me/media/public/nostrcheck.me_6961565765834859411694177939.webp

Joakim Book 2y ago 💬 1

those callouses are actually the most impressive thing in this pic

Replying to

Lyn Alden

It’s amazing to me that the world is still obsessed with low fat diets. So many products cut out the natural fat, and what remains is just a sugar fest.

Fly on an long distant flight- constantly offered breads, juices, fat free yogurts, etc. Sugar bomb after sugar bomb. I usually fast on planes.

At a breakfast buffet right now. Eggs fried in seed oil. The butter packets are mixed with seed oil. Juices and fruits everywhere. Coffee machines whose only milk option is fat free skim milk. The main area is waffles and syrup. The child at the table next to me has a breakfast plate with chocolate-covered waffles, french fries, and juice- just layers of carbs and sugar. One has to dig into the corners of the room to find the meat and boiled eggs and such.

Joakim Book 2y ago

F-I-A-T food!

Joakim Book 2y ago

Since we're all using Nostr as IG these days, this was my day. Enjoy.

https://void.cat/d/YVVHSvrMYzr8XP53pHNdDm.webp

https://www.instagram.com/p/Cw4uC1CMq5D/

Joakim Book 2y ago

LET. EVERYTHING. BUUUUURN**

"Nobody laments the unheard-of startups that didn’t make it, the continuous flow of innovations that go nowhere, the books nobody has heard of. Why lament the languages you didn’t know existed?

Like most things, the modern world has taken reality’s existing structures to their most extreme; perhaps we should rebrand [the Pareto Principle] 'the Occupy Wall Street principle.' We, the denizens of the modern world, live in the 1 percent, where all our art, our books, our economic value, our money, and our languages reside."

**except for the few minor things that have value.

https://www.aier.org/article/the-one-percent-principle/

Replying to

Tim Bouma

Next on my reading list. I’ve read George Selgin’s overview but going straight to the source. Still musing on the idea that central banks are creating more harm instability than good. It’s almost like the early days of medicine where bloodletting was the accepted wisdom.

Joakim Book 2y ago

Bagehot isn't the *source* of free banking. Very different tradition, and if anything Bagehot is a Bank of England apologist -- e.g., here

https://www.soundmoneydefense.org/book-sound-money-essay

or here

https://www.aier.org/article/the-life-and-times-of-bagehot-the-greatest-victorian/

Joakim Book 2y ago

"reducing homework or gutting it of substance, taking away structure and accountability, and creating boundless space for 'student voices' feels more patronizing than supportive"

https://www.thefp.com/p/free-press-high-school-essay-contest-winner?

Replying to

Tim

I have the honor of going on nostr:npub1hghnjjpnvkz8t6gkszuf37d7puwc2qtxc65rnklqsngzv6kkug9qhhfyz2’s Once Bitten podcast here in a few hours. Plz send positive vibes! GM

Joakim Book 2y ago

someone is gonna CRUUUUSH. IITTTT!

Joakim Book 2y ago

If we didn't know it already, fiat economics ("economics") has invaded The Economist.

No surprise there.

"Although Germany cannot spend as freely as it might have in the 2010s, when interest rates were low, forgoing investment as a way of reining in excess spending is a false economy."

https://www.economist.com/leaders/2023/08/17/is-germany-once-again-the-sick-man-of-europe

Joakim Book 2y ago 💬 1

HOT DAMN, my guy nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf

https://void.cat/d/Uu3tF5gfSCM61W6xzKXGuG.webp

Replying to

Lorenzo

Pretty much anything that questions mainstream 'consensus' is considered "right-wing" (covid, climate, diversity etc), likewise free-speech or suggesting that there are good things about western values or capitalism.

The fiat system has created a self-funding, ever-expanding state with a class of pseudointellectual high priests, that attempt to crush all views that seek to prevent the states encroachment into peoples lives and its consolidation of power.

Joakim Book 2y ago

funny that EVERYTHING that matters is right-wing... at least if you've got the wrong idea about it, I guess.

Joakim Book 2y ago

nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf keeping it real

https://void.cat/d/JJUWsttyAb3NXf45QZsAZK.webp

Joakim Book 2y ago

IT'S THE EGGS AND THE RED MEAT, GUYS!!!

Americans *would* be healthy if they, um, just hadn't GORGED ON MEAT.

Oh, noes.

https://void.cat/d/MtgJjAgQ386eF35Lb1ZDyU.webp

https://www.pewresearch.org/short-reads/2016/12/13/whats-on-your-table-how-americas-diet-has-changed-over-the-decades/

Joakim Book 2y ago 💬 2

iiiiiii... nostr:npub1dtgg8yk3h23ldlm6jsy79tz723p4sun9mz62tqwxqe7c363szkzqm8up6m is NOT gonna like this, I don't think:

https://www.humanprogress.org/modernization-and-the-loss-of-japans-samurai-culture-benefited-the-japanese-people/