horror story in six words: "Can you jump on a call?”

Austrian economics stans would do well to drop the victimhood over being ignored, and instead claim victory, because the best of that tradition — above all, its microeconomic insight — was so well-integrated into mainstream economics.

You don't get Alfred Marshall and supply and demand charts, or neoclassical price theory, without Carl Menger (both a marginalist and an Austrian) and the subjective theory of value. Price lies at the intersection of supply and demand — i.e., subjective valuations.

Price theory as we know it now doesn't ignore what the Austrians learned. Instead, it gives it all more rigorous foundations and expression using calculus.

And fergodssake, Hayek won a Nobel prize (shared), and remains one of the most widely quoted and cited economists, by economists, to this day.

Mises, I'll concede was "quietly buried".

Imagine an Aristotle scholar complaining that logic classes don't focus on categorical syllogisms anymore. Of course they don't; we can do all that and more, now, using Fregean and post-Fregean notation and mathematics. We see the superset now, and teach it first.

When did mankind fall?

Catholics: 500,000BC. Adam and Eve.
Chicago Conservatives: 1287. Birth of William of Ockham.
Constitutionalists: 1861. First Lincoln executive order.
Goldbugs: 1913. Federal Reserve Act.
Bitcoiners: 1971. Fiat money.

Me: 2009. Node.js.

(and the rest of the AJAX/websockets/React/html5 nexus — a stack that enabled live updating of webpages, which in turn meant you didn't need to refresh to get notifications. made social media what it is.)

Agentic AI is all the rage. Here's how it's playing out, among those I know best:

- 7/10 are mucking about and experiencing a "gee wiz, tech is cool" moment
- 2/10 are less productive, stuck with increasingly messy codebases (or making their substacks/social-media-feeds worse by overproducing)
- 1/10 are boosting valuable productivity by an order of magnitude, sometimes in visible ways, but mostly hidden

There is no bigger red flag of charlatanism, for people in my line of work, than dropping a new take on unifying quantum and gravity. AI glazing is making this worse, because now the quacks can spit infinite technical slop for free, in addition to the usual metaphysical hokum.

need a bitcoin shitpoast? I gotchu fam. want an actual argument? we have that too. thousands of bangers for your use and pleasure, all trained on Resistance Money and on tweets from yours truly:

resistance.money/tweets/

Somewhere out there Senator Warren is unbothered, focused, moisturized, and drafting a bill to make math illegal.