Wages and salaries serve the same economic function as other prices that is, they guide the utilization of scarce resources which have alternative uses, so that each resource gets used where it is most valued. Yet because these scarce resources are human beings, we tend to look on wages and salaries differently from the way we look on prices paid for other inputs into the production process. Often we ask questions that are emotionally powerful, even if they are logically meaningless and wholly undefined. For example: Are the wages "fair"? Are the workers "exploited"? Is this "a living wage"?

No one likes to see fellow human beings living in poverty and squalor, and many are prepared to do something about it, as shown by the vast billions of dollars that are donated to a wide range of charities every year, on top of the additional billions spent by governments in an attempt to better the condition of poor people. These socially important activities occur alongside an economy coordinated by prices, but the two things serve different purposes. Attempts to make prices, including the prices of people's labor and talents, be something other than signals to guide resources to their most valued uses make those prices less effective for their basic purpose, on which the prosperity of the whole society depends. Ultimately, it is economic prosperity which makes it possible for billions of dollars to be devoted to helping the less fortunate.

~ Thomas Sowell

WERE ALL GETTING GIRLFRIENDS!? nostr:note12w4dke99njpay05yycwq7ewyw6ctwwg640v0l7wsejadm8ktnpxqgz5f5p

i like tabasco

Women after a breakup: “I’m pretty sure he was gay anyways”

Shitcoiners are putting emails on the shitblockchain now

We've come full circle

YOU CANNOT HELP PEOPLE WHO REFUSE TO HELP THEMSELVES.

IGNORE THE HATERS AND CHARLATANS.

FOCUS ON THE RIDE OR DIES.

lettuce

tomatoes

onion

potato

bananas

yogurt

coffee

meat

mustard

I am testing something, please reply if you can see this note.

To stack satoshis every month and continually grow thy stack while providing proof of work in order to hodl and stack is such a great honor and satisfaction, it is something indescribable, it makes all the struggle have meaning.

This feeling, this meaning, is the fundamental difference between a bitcoiner's world and a fiat slave's world. This is what changes the world.

Answer trivia or riddles and win sats. What is the hidden animal in this picture?

You now have 90 seconds to answer. Answer correctly first and win sats. Only your first answer will be considered. #trivia [1710899007]

There is no justification or excuse for this level of ignorance and lack of critical thinking.

If the cost of the book is in anyway prohibitive for someone due to personal circumstances or jurisdictional issues, I happily endorse them pirating Broken Money.

There are always ways to pirate stuff anyway, but like, I'm not taking any action against you to make it harder, and my spirit is with you. ☮️

you are one of the few that have taken me up on proving you're listening to it. Thank you for checking his show out. It's a solid show, good information, and IMO highly underrated

Listening to it as I read this note!!