Sober or high?

Its like progressives and conservatives are seeing a different movie.

Don't ask to ask, just ask.

Nope sorry but I think fiatjaf can probably help that’s why I tagged him.

Have you ever taken a similar modeling approach to create models for other markets? No details, simply yes or no.

Loved the distinction between increases and growth 👌

A couple of things that I dont fully get:

1. If bitcoin makes capital even more expensive, doesn't that massively discount future cash flows and therefore incentivise more short-term returns thinking?

2. How will investors (you?) be incentivised to invest in things that "should" be invested in that increase our collective capital? I'm not seeing the connection between investing in things that produce capital that ultimately makes profits for ME, and that which creates collective growth (which I think you implied would be the thing Bitcoin fixes). Or put another way, why dont investors just do this already? Fiat or not, growing capital would produce sustainable future profits in something that has purchasing power.

Fascinating, i think i understand now. But correct me if I’m missing something.

The stock of capital goods as “economic potential energy” may be *priced* in terms of future discounted flows - if you knew them for certain - but since you don’t, you go by book value as the best possible appraisal. This of course needs a sound money to be in place so that the competitive bidding process can accurately reflect this potential, the idea being that through a weeding-out, tâttonement process, rational expectations ought to prevail. However, although *value* is derived/imputed from the future, those future flows only come about *physically* through a causal transformation of the capital goods. Thus causally, it is best to think of the stocks primarily existing (physically) and being transformed into consumable value through entrepreneurial action, while also needing to be replenished by the same.

If R > G then do we need a global wealth tax?

Jokes on me; too many people thought I meant it

Not sure what to make of that 😅😅

Allen has not been captured by WEF.

When a founder or major executive sells their shares, we consider this "capital consumption". Is a transfer of ownership really "consumption"? Maybe the productivity of that capital is diminished, if the key contributor is less invested in the company or separates entirely. Any better insights you can give on the concept of capital consumption?

What’s your response to the Keynesian argument that regulated economies and intervention during financial crises have led to the incredible technological innovations from the 20th century that we benefit from today?

Does stock/flow dynamics change if the good being produced is a consumable resource (i.e.iron) or a business interest vs. a monetary good (i.e. BTC)? I keep thinking that if the stock/flow of the monetary good is priced in its own denomination (#BTC and #BTC/time) what you get is a stock becomes something akin to 1BTC is 1BTC and the flow would represent BTC issuance inflation rate which eventually goes to zero.

Also if we stick with $ denominated stock/flow valuations, how do we calculate in inflation of the measuring asset ($ in this case)?

Thanks