Regardless of what the WSJ says, leasing is not buying. This is a huge trade, somebody is getting the worst of it. I’m actually betting on consumers winning this shift. Capped liabilities + transportation utility then handing back assets that have depreciated a ton.
That gif isn’t all caps. Is this the real ODELL?
If a politician came out and said “We are not going to cut Medicare or social security, but we are going to pay out all future checks in a new currency called the mini-dollar.”, that politician would have no chance of getting elected.
Most voters would assume the new mini-dollar would have far less value than the current dollar. It would be seen as an immoral bait and switch.
However - this is exactly what they are all saying right now. Future dollars will actually be figurative mini-dollars as they will be able purchase much less due to the amount of dollars that will be printed to meet those claims. It is an immoral bait and switch.
Study Bitcoin.
Imperfect stores of value… aren’t perfect. Watches have taken a hit recently, and now - surprise it’s Ferraris. Study Bitcoin.
Looks delicious. That’s a freezer full of protein.
Need the Substack replacement. Micropayments via sats opens up all kinds of possibilities for bundling, paying by the article, etc…
“You helped me put it all together there. And what I understood is that the future cannot be designed, but it can be discovered. And our job is to create conditions that maximize the possibility of the discovery of more optimal futures.
And the way we do that is not solely through planning, not even primarily through planning. What we need to do is create rules that are palatable to other human beings, that other human beings can imitate, so we can participate together in this process of the division of labor, the process of increasing the number of human beings on the planet who are able to live in prosperity that's created by profit.”
- Aneesh Karve
Disdains for profit disdains progress.
- Friedrich Hayek
“In the beginning was the Word, and the Word was with God, and the Word was God.”
John 1:1 NIV
Human good turns out to be the activity of the soul exhibiting excellence.
- Aristotle
You can do it on the primal app on the iPad, it just isn’t optimized for the iPad
“Finally, brothers and sisters, whatever is true, whatever is noble, whatever is right, whatever is pure, whatever is lovely, whatever is admirable—if anything is excellent or praiseworthy—think about such things.”
Philippians 4:8 NIV
Watching the 6th week of NFL games and still don’t understand how the new kick offs work. Not sure players do either.
Felt sorry for her when reading the close caption. Then listened to the audio and felt sorry for him.