“Economics”: The set of inconsistent rules that you can use to your advantage.

Amen

So much confusion out there is now clearer to me via using your “don’t measure a system from within the system” mantra. Many thanks for the thoughtware upgrade.

Do you have an example(s) when viewed through another lens that makes it simple to digest?

Saturday morning post from the wizard, Ty sir

Fiat ponzinomics is a generational lie that became truth

don't think someone designed Fiat with a motive for stealing ! No one sat down in a conference .. with agenda - let us steal poor people's money ! It is all part of evolution .. btc is just better money. We need to go through the same fin-tech revolution to reach #btc , where fiat is the star...

Aka malicious obfuscation

No economic calculation make any sense unless you integrate into the picture the purchasing power of a single monetary unit.

Watch the documentary 'Enron: the smartest guys in the room'. It gives a good impression of the kind of handwavy math is being applied, thinking that the truth wouldn't eventually catch up. Then, knowing this, have another look at economics, and try to understand it without the fancy tricks such as ...

Or when you're poor with no opportunities.

Let’s do a little though experiment - you have 1m in cash, the rest of the world together has 1m (you are obviously very wealthy in this system with 50% of all cash). A further 1m of cash is injected into the system (to solve some fictitious problem) - your net worth drops to 33% instantaneously a...

Agree. Coming from many years in TradFi, the groupthink there is endemic. Have had "controversial" doubts and opinions since 2008, but took me far too long to properly alter perspective.

Cfff

100%. Which imo is why the last people to grasp the transformative power of Bitcoin are precisely the people who’ve spent their lives trying to grasp the sophisticated lies of fiat money.

It’s insanely complicated. I have taken an interest in economics recently (2020) by virtue of the Bitcoin lens, like so many others. The language itself takes months to learn and the mechanisms of fiat are ridiculously convoluted. Thank god for folks like Lyn for actually being able to tease ou...

M2 and M3 matter. nostr:note1yv0cxwre3aa345znr9v4rlfmzn93p87zwvnth0y6vtgh32akdgvs5tye3k

Henry Ford was right! (Revolution before tomorrow morning). This will be a change demanded from the millennials and a few enlightened boomers who want the world to be a better place. Exciting times!

That's because the apriori motives behind many of its branches was to ad hoc favorably explain the the tradeoffs of the government interventions. It's pretty simple when your motive is actually pure learning with no biased orders.

Hey, nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe, Hope you're having a great day.🙏😆 Happy New Year.😃💜😆🙏💯👍