The Hedonic Treadmill: The Pursuit of Lasting Happiness Beyond External Circumstances
"If your body is made up of things you put into your mouth, your mind is made of things you put into your eyes and ears."
Chris Williamson
Discipline, consistency, and humility are important traits that can be applied in personal life to achieve personal growth and success. Here are some ways to apply these traits in my personal life.
In the complex economic landscape of the modern world, two powerful forces, inflation and deflation, are engaged in a perpetual struggle. These forces, moving exponentially in opposing directions, have significant implications for society. While technology contributes to deflation by increasing efficiency and reducing costs, governments resort to money printing to combat deflation and manage national debt. This article explores the deflationary nature of technology, the persistence of inflation despite technological advancements, the consequences of money printing, and potential solutions to address the challenges arising from these competing forces.
"I urge you to find a way to immerse yourself fully in the life that you’ve been given. To stop running from whatever you’re trying to escape, and instead to stop, and turn, and face whatever it is."
Anna Lembke
“Under hard money, governments fought till they ran out of their own money. Under easy money, governments can fight until they completely consume the value of all the money held by their people. This is why the century of central banking was the century of total war.”
Saifedean Ammous
#bitcoin
Better to be optimistic about the new system than pessimistic about the old one.
#Bitcoin
Sapere aude is a Latin phrase meaning "Dare to be wise". 🦉
Can you explain the concept of technology being deflationary?
The idea is that technological advances increase efficiency and reduce costs, which theoretically should lead to decreasing prices. In other words, technology has a deflationary effect on prices.
If technology is deflationary, then why do we have inflation?
That's because of government money printing. When the government prints money, it injects more money into the economy, which can lead to inflation. The more money there is in circulation, the less each unit of currency is worth, which drives up prices.
Why does the government need to print money?
The national debt has become too large to be paid back without significant consequences. As a result, the government has two options: default on the debt, which would result in a system collapse, or devalue the debt through inflation.
What problems does money printing cause?
Newly printed money tends to flow into the hands of those who already own assets, such as the rich. This concentration of wealth means that everyone else's lives become more difficult, and productivity gains that should benefit society as a whole are instead concentrated in the hands of a few. Many of the problems we see in the world today can be traced back to this manipulation of money.
How can we fix this problem?
One potential solution is to adopt a form of money that has a fixed supply and cannot be manipulated by the government. This could help to reduce inflation and ensure that everyone benefits from productivity gains, rather than just a select few. By addressing this issue, we could promote a fairer distribution of resources and potentially alleviate many of the problems we see in the world today.
#bitcoin
"I have always believed, and I still believe, that whatever good or bad fortune may come our way we can always give it meaning and transform it into something of value."
Hermann Hesse
“Technology is deflationary. Deal with it!” Jeff Booth #bitcoin
I use ChatGPT all the time and rarely use Google anymore.
"Think clearly from the ground up. Understand and explain from first principles. Ignore society and politics. Acknowledge what you have. Control your emotions."
Naval Ravikant
"Your time is better spent championing good ideas than tearing down bad ones. The best thing that can happen to a bad idea is that it is forgotten. The best thing that can happen to a good idea is that it is shared. Feed the good ideas and let bad ideas die of starvation."
James Clear
“Nobody, great or small, can be ruined except by his own hand.”
Oscar Wilde
The Happiness Equation is a concept that has been popularised by various authors and speakers, including Deepak Chopra. While there may be different interpretations of what the happiness equation entails, Deepak Chopra has often referred to it as a simple formula for achieving happiness, which can be expressed as follows:
Happiness = (Success + Fulfillment + Inner Peace) / Desires
In this equation, "Success" refers to achieving one's goals and aspirations, "Fulfillment" refers to a sense of purpose and meaning in life, and "Inner Peace" refers to a state of calmness and contentment within oneself. The denominator, "Desires," refers to the level of one's expectations and wants, which can either enhance or detract from happiness.
According to Chopra, the key to achieving lasting happiness is to cultivate an inner sense of peace and fulfillment, rather than relying solely on external factors such as success or material possessions. By balancing our desires with a sense of contentment and purpose, we can attain a more sustainable state of happiness.
#OnlyZaps enabled. ⚡️