pv ☀️
If you're interested in inflation, money printing, CBDCs etc. this might have something for you.
Per Bylund talks about the root cause of inflation, how to deal with it and why founders have some inherent advantages. He also explains the fiat currency scam and explores the wonders of MMT.
https://www.youtube.com/watch?v=sNH8k8E-UkE
Topics:
- what should founders know about inflation at the moment?
- what is inflation?
- old vs. new definition of inflation
- prices should be going down not rising over time
- inflation measurements
- redistribution from savers and fixed salaries to borrowers
- inflation reduces your income
- hidden taxation
- how people dealt with inflation in the past
- strategies for sales and purchase contracts & your cost structure
- why you should not listen to the government
- learning proper and sound economics
- dilution of money vs. other issues (e.g. boom, trend, demand or supply issues)
- stay out of long-term sales contracts
- do not hold currency
- understanding vs. predicting the economy
- central bank money printing
- where does the printed money go?
- central banks are not stopping the money printing
- impossible to predict people’s behaviour
- mathematical models are not working
- naïvety of modern economics
- “pee in your pants” economics
- crises are getting bigger
- fiat currency scam
- digital government currency vs. old fiat money
- central bank digital coins (CBDC)
- dangers of CBDC
- possible outcomes
- entrepreneurs are well positioned in the market
- how to think about the economy?
- Bylund’s new book coming up
- you can understand economics with the right tools
- stablecoins
- market-based monies cause problems for politicians and governments
- modern monetary theory (MMT) is not modern, monetary, nor theory
- money is not about coins and bills: it’s the commonly used medium of exchange
- governments did not create money
- money arises from people’s actions
-why founders have advantages that others don’t have
- entrepreneurs are in the business of creating our tomorrow
#inflation #fiatmoney #mmt #moneyprinting
Per Bylund is a Swede in Oklahoma, USA, where he works as associate professor of entrepreneurship and Johnny D. Pope Chair in the Spears School of Business at Oklahoma State University. He had careers in politics and as business consultant and systems developer before moving to the USA and starting a career in academia. He has also successfully failed as an entrepreneur no less than four times, experiences that he draws from when teaching students and writing columns for Entrepreneur magazine.
He is an author of two books, The Problem of Production: A Theory of the Firm (Routledge, 2016) and The Seen, the Unseen, and the Unrealized: How Regulations Affect Our Everyday Lives (Lexington, 2016), and has a third on the way (expected later in 2022). He is also actively discussing matters of the economy, entrepreneurship, and freedom on Twitter; follow him at @PerBylund.
Also being control who can write and read your health data should be the norm.
Now, it's practically the same as sharing your private keys around wherever you need something related to your health. There are multiple copies and you cannot delete anything.
Estonia has the system where you can see who has visited your data and you can grant / revoke access at will (https://digiexpo.e-estonia.com/healthcare/national-electronic-health-record/).
https://e-estonia.com/solutions/healthcare/e-health-records/
Classic among the others:
- In the long run, we are all dead
- It's only transitory
- How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions
- quantitative easing
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Google Drive should have permanent links (as long as the account is valid) but not 100 % sure. MS OneDrive I have not checked.
It matters less than who controls the money printer and the banking charters.
I don't think so:
https://support.apple.com/en-gb/guide/icloud/mm93a9b98683/icloud
Bail-outs and bail-ins are just another day in the banking system. The whole construct is insolvent by design from day one. It's not a crisis mode but a normal modus operandi.
It's not so "fun part" like cleaning the kitchen after cooking. But you cannot run the scheme without having the other part.
It's Inception in action: in slow-motion collapse mode when the expansion reaches its utter limits and the trust is gone. Now, it takes longer since the scheme is global.
The story is as old as the fiat currencies and fractional reserve banking.
That's what you get with the central bank. The rest is just consequences. There's only one bank and the rest are just license holders.
Consolidation by any other name.
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pv ☕️
Nostrgram restores your latest versions so you don't need a backup.
The problem comes with the model. If you're tied to the model and your (paying) customers ask for better results for their money (targeting) it's hard to say no.
There will also be some players that will just do the features that attract the advertisers and give them what they want.
Similar to Gresham's Law https://en.wikipedia.org/wiki/Gresham%27s_law , your good intentions will drive you out of business or to the margin.
It's not black and white but doing it right takes some guts and firm beliefs (and maybe lowered expectations).
OpenAI is the latest example. AI for all non-profit flipped when the opportunity was too good to miss.
nostr.band advanced search accepts nip05 as one parameter so that works.
If you don't have a NIP05 #[2] offers for free.