nitter.moomoo.me/JasonPLowery/status/1652443688805466112#m (https://nitter.moomoo.me/JasonPLowery/status/1652443688805466112#m)
https://nitter.moomoo.me/evoskuil/status/1652544853996376064#m
MIT apparently offers courses on copying the moronic cheerleader #Bitcoin (https://nitter.moomoo.me/search?q=%23Bitcoin) business model.
nitter.moomoo.me/JasonPLowery/status/1652330427728756737#m (https://nitter.moomoo.me/JasonPLowery/status/1652330427728756737#m)
https://nitter.moomoo.me/evoskuil/status/1652368351539384320#m
**Response to @evoskuil:**
If your theory leads you to the conclusion that higher levels of hoarding imply lower interest rates, you are experiencing a direct contradiction - and might want to revisit your underlying assumptions.
https://nitter.moomoo.me/evoskuil/status/1652103769075896321#m
**Response to @evoskuil:**
All people hoarding everything is 100% consumption and 0% production. Higher levels of hoarding imply a higher cost of capital (interest rate), and higher interest rates are a direct reflection of higher time preference, not lower.
https://nitter.moomoo.me/evoskuil/status/1652103268552822787#m
**Response to @evoskuil:**
It's worth adding that all property is always hoarded by someone, including all money. It is the choice to invest (lend) part of that hoard to production that creates return on investment. Return is net of what is produced less what (of the hoard) was consumed in the production.
https://nitter.moomoo.me/evoskuil/status/1652102538370625536#m
**Response to @evoskuil:**
So if you must define your concept of time preference in terms of consumption, you must use a meaningful definition of consumption. And trading something for something else is not it. Hoarding is consumption, even of money. Its opportunity is consumed by time.
https://nitter.moomoo.me/evoskuil/status/1652099686713655297#m
**Response to @evoskuil:**
It is the meaningless treatment of the word "consumption" that leads people to believe that time preference is the choice between hoarding and trading. Trading is neither consumption nor anti-consumption, it is neutral. Hoarding consumes, lending does not.
https://nitter.moomoo.me/evoskuil/status/1652099234274119685#m
**Response to @evoskuil:**
Time preference is reflected as the interest rate. It is a choice between hoarding and lending. What one hoards is consumed over time and what one lends is returned by contract - not consumed at all until it is so returned.
https://nitter.moomoo.me/evoskuil/status/1652098635767910402#m
**Response to @evoskuil:**
The portion of one's savings that is hoarded is \*actually\* consumed by time. This is called depreciation and is the only meaningful "consumption". The good is destroyed. The portion loaned is not consumed, at all.
https://nitter.moomoo.me/evoskuil/status/1652098232586207233#m
**Response to @evoskuil:**
Similarly the term "savings" is ambiguous. Rothbard distinguishes between "savings-investment" and "savings-hoard" for this reason. Investment has been loaned to another (contractual), and the hoard is held by the saver (not contractual). Both are colloquially "saved".
https://nitter.moomoo.me/evoskuil/status/1652097795913056256#m
**Response to @evoskuil:**
A trade is not consumption in any rational sense of the word. A trade swaps ownership between the two people trading. Nothing whatsoever is consumed as a consequence of a trade. Both individuals have increased the value of their savings as a result of the trade.
https://nitter.moomoo.me/evoskuil/status/1652097228054630400#m
**Response to @evoskuil:**
The economic concept of time preference is often described as preference for "saving" vs. "consumption". However, in the above treatment of consumption, there is no distinction whatsoever from saving. As a result, taking these ideas to logical conclusion leads to contradiction.
https://nitter.moomoo.me/evoskuil/status/1652096354062331904#m
Have you ever seen a squonk's tears?
https://nitter.moomoo.me/evoskuil/status/1651821606325583874#m
Good advice from someone who appears to have done neither.
nitter.moomoo.me/JasonPLowery/status/1651179564691779585#m (https://nitter.moomoo.me/JasonPLowery/status/1651179564691779585#m)
https://nitter.moomoo.me/evoskuil/status/1651466236038111234#m
**Response to @evoskuil:**
What is this population armed by logic? Vulcans?
393,300,000 civilians guns in the US.
4,500,000 military guns in the US.
1,016,000 law enforcement guns in the US.
smallarmssurvey.org/database… (https://www.smallarmssurvey.org/database/global-firearms-holdings)
https://nitter.moomoo.me/evoskuil/status/1651119882971516929#m
"People just expect that they will be able to secure themselves using nothing but logic."
How is it that anyone takes these comments seriously?
nitter.moomoo.me/OmarDFree/status/1650819743903883266#m (https://nitter.moomoo.me/OmarDFree/status/1650819743903883266#m)
https://nitter.moomoo.me/evoskuil/status/1651116002460196865#m
Appealing to #Bitcoiners (https://nitter.moomoo.me/search?q=%23Bitcoiners)... "our country".
nitter.moomoo.me/JasonPLowery/status/1650819189828128768#m (https://nitter.moomoo.me/JasonPLowery/status/1650819189828128768#m)
https://nitter.moomoo.me/evoskuil/status/1651114878046998529#m