Private property rights are fundamental. I just don't see how you can simultaneously have an elected body set policies on taxes, government spending, and borrowing supported by fiat money creation (all infringement of private property rights) and maintain a limited government constitutional republic. It seems like an oxymoron. The constitution can't uphold private property rights by delegating infringement of those rights to a body "legitimized" by the fact that they were elected by a popular vote.
Bank credit creation is centrally planned wealth redistribution. It's totalitarian collectivism by another name. Those in the club win at everyone else's expense.
What if it's not who can vote, but the concept of voting itself that's flawed? What if there are things that aren't appropriately deciding by vote, period?
If 2 guys jump you in a dark alley and demand your wallet, are you okay with handing it over if the 3 of you vote on it?
If a group of people sat around a table, would you be okay with putting your net worth on the table and deciding how it gets used by popular vote of those sitting there? Would it matter who was at the table? Or how many people were at the table?
When you reject moral absolutes and try to base "morality" on popular vote, you end up where the West is today.
I reject the concept of any group of people voting as a legitimate way to allocate my private property or establish a moral pattern of behavior for my life.
Imagine being a carpenter and taking out your ruler, then taking a rubber band and stretching it out beside the ruler and marking inches on the rubber band with a Sharpie marker. Then imagine trying to build a house using the rubber band as a ruler. You'd end up with a pile of garbage, because it would be impossible to know whether the piece you're measuring is actually a certain length, or if the rubber band is just stretched more or less.
That's all economics with fiat money. Economic "measurements" are all full of massive undetectable errors, because the unit of measurement itself constantly changes in unpredictable ways. And science is impossible without measurement, so it's more voodoo than science.
We're so far away from understanding money in a way that's actually relevant to people, that a "recession" becomes a lot less meaningful.
imagine telling an adult human what words they can and can't say
Mass immigration from dysfunctional places on the globe to (semi) functional Western countries will brutally expose the cost of living in a low-trust society versus a high-trust society. The tip of the iceberg gets all the attention, but the base is where all the difference between low- and high-trust societies rests. Ignoring that fact will sink Western civilization like the Titanic.

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GM, don't forget to not do this today. Work for sats, not IOUs from the world's most delinquent deadbeat.

https://x.com/erikcason/status/1772766704994840791 the gov can offer them a nice covid vax to help them get thru it. If in Canadian, they can go straight with the euthanasia option,
Reality will never sink in for many. Hardcore communists died in the Soviet gulags, hardcore communists right to the bitter end, convinced communism was great and it was all a big misunderstanding and Stalin would pardon them any day now.
Thanks for the thoughtful response.
You and I wouldn't mean the same thing at all when we use the word, so an intelligent conversation isn't possible without clearly defining terms first. I have a much better understanding of your position and ideas now.
With all the buzz around the Bitcoin ETFs recently, I've been thinking a lot about money flows and what the term really means. Just finished my latest article on money flows, price, and how it all works. Check it out here https://open.substack.com/pub/f0xr/p/money-doesnt-really-flow-into-anything?r=3i492j&utm_campaign=post&utm_medium=web if you're interested.
Bottom line, stay humble and stack sats is still great advice, and as long as everyone stays humble enough not to sell, we don't need any "inflows" at all to take the Bitcoin price to $100k and beyond.
There are 2 sides to the problem. If you've ever run an online storefront, you know the frustration of scummy buyers who submit a chargeback after receiving their order. Sellers would prefer cash-like transactions that can't be reversed.
I don't think it's ideal to have the financial system effectively arbitrating disputes between buyers and sellers. If you bought something that didn't arrive or wasn't as expected, there needs to be a way to resolve the problem, but having a financial system that lets you request to reverse the payment and forces the bank to decide who's right, just doesn't seem great. I don't know what the better alternative is, but I'm sure there's room for improvement.
You can be a buffoon, but as long as you're a buffoon who shorts fiat against Bitcoin you're going to become a rich buffoon very quickly
Nothing better than watching the "smart money" take it in the shorts
High-trust places in the US still leave their pumps unlocked. You pull up, fill your car, then go inside and tell the cashier how much you got and pay for it. Those places are disappearing fast...🥺
A ginger? 🥵

Oh, yeah, gotta post physique to get the sex-crazed groupies and mog the Men in Clothes.
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Okay you've convinced me, brb checking my DMs for signs of sex crazed groupies RN

Should I let it all hang out for the world for a potential 5 point bump in engagement? Decisions, decisions...
🤔

Democracy? Nah, we live in a bureaucracy.


