Poster on my daughter's history room!
I love this school!
"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." Ernest Hemingway
I talked to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak about his new book, Principles of Economics. We discussed the idea of scarcity, the only real restriction to production being human time, the reason why human action is so important and the ridiculousness of simplifying human beings so they are assumed to act the same. We also talked about the reason why energy is such an important part of economic life and how unemployment is really a fiat phenomenon.
https://rumble.com/v3ulghm-bitcoin-fixes-this-113-principles-of-economics-with-saifedean-ammous.html
Great podcast.
Thank you
Bitcoin food
Bitcoin food
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