You need to own your house that your family has their HOME. There is no bigger blessing than having your healthy family in their own home.

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$500k Bitcoin in 2025

National Geographic ..won the photo of the year award with this picture. Zoom in to understand. Also Join 👉Sir David Attenborough Fans

How Austrian School Economists Crushed Karl Marx’s Socialism

1️⃣ Ludwig von Mises and the Economic Calculation Problem

Beyond Incentives: Mises argued that the fundamental flaw in socialism isn’t just the lack of incentives to work hard or perform undesirable tasks but the inability of central planners to make rational economic decisions.

Absence of Prices: He highlighted that without private ownership of the means of production, there could be no genuine market, no price formation, and thus no way to calculate profits and losses. This makes rational economic planning impossible.

Inevitability of Chaos: Mises concluded that without market prices, central planning leads to arbitrary, chaotic decisions and the irrational allocation of resources, resulting in widespread shortages and the collapse of the planned economy.

2️⃣ F.A. Hayek and The Knowledge Problem

Dispersed Knowledge: Hayek demonstrated that in the real world, information is dispersed among countless individuals, making it impossible for central planners to possess the specific knowledge needed to manage an economy.

Spontaneous Order: He argued that only individuals with localized knowledge can coordinate supply and demand effectively through a price system.

Limitations of Central Planning: Hayek highlighted that central planning is not only presumptuous but also harmful, as it prevents those with the necessary information from making optimal decisions. The market’s price system functions as a “telecommunication network,” efficiently transmitting knowledge without bureaucratic interference.

3️⃣ Carl Menger and Subjective Value

Subjective Value: Menger refuted Marx’s labor theory of value by showing that a good’s value is subjective and determined by individual utility, not the amount of labor invested.

Labor Doesn’t Create Value: He argued that labor alone doesn’t give value to a product; the value depends on whether someone finds the product useful and is willing to pay for it.

Diminishing Marginal Utility: Menger introduced the concept that the value of additional identical goods decreases as their quantity increases, further challenging Marx’s idea that value is tied solely to labor.

4️⃣ Eugen Böhm-Bawerk and Time Preference

Surplus Value Debunked: Böhm-Bawerk refuted Marx’s idea that capitalists exploit workers by underpaying them, emphasizing that wages reflect the time preference of present goods over future profits.

Time Preference: He introduced the concept of time preference, where capitalists advance wages (present goods) in exchange for future goods (profits), accounting for risk and waiting time.

Wage Differences: The wage difference isn’t exploitation but a fair trade of present wages for future profits, with workers receiving immediate compensation and avoiding future risks.

✒️: Students for Liberty

GM

Have fun playing with your wrapped Bitcoin I guess.

Do I have my thinking straight on this?

If you were USA's president and you wanted to buy a tranche of BTC then wouldn't you buy first and announce after?

If he were to be discussing it today/tomorrow or putting it into speeches, the fiat price of BTC would go through the roof.

Fair enough making announcements at BTC conferences to gain voter support, yet the timing of intended purchases you'd want to keep shtum about or you could be paying a premium.

It seems to me that quite a number of Bitcoiners are waiting to hear comments from Trump or his administration. I don't think we'll hear anything until after some tangible move has been made.

I love orange.

⚡️👀

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I don’t wanna talk about my ex on the show, that’s just tasteless.