JB

This is pretty alright.

Yes, Stiglitz not exactly an impressive economist and this reeks of lefty envy politics etc, but this Georgist idea isn't crap.

Also... it's not land going up, dufus. It's the MONEY GOING DOWN

#nostr #philosophizing #econstr

Newsfeed find. Survey with overwhelming majority favoring rent controls. Journalist comment

"Rental caps and rent control has been increasingly in the public discourse in Iceland, as the available housing supply has not been able to keep up with demand, which has led to soaring rental costs for many people in the country."

https://grapevine.is/news/2022/09/15/most-icelanders-support-rental-caps/

Leftists really are retarded. #politics #nostr #econstr #pleblife

Still the "then-they-laugh-at-you" phase:

https://www.ft.com/content/3821ff74-e695-4004-b691-a920ee908996

#econstr #bitcoin #legacy #plebchain #nostr #freedom #future

worth your time

#bitcoin #monetaryecon #econstr #educ

Really loved writing this piece.

How I see size making a change to harmony of society and social relations.

The efficient size of pretty much everything has shrunk. Technology is allowing smaller constellations to exist. With smaller units, there's naturally more responsibility, transparency and accountability. We have identifiable people, friends, and neighbors, rather than faceless corporations and bureaucrats or elected clowns in far-away capitals. The visible taxation for which we hardly see much goodies is exchanged for visible money flows in the here and now.

Even if we create fewer public goods -- or they become individually more expensive for us -- they are honest, real, and accountable. Instead of turning our friends and neighbors against one another as perennial parasites leaching off one another's work, we remain friends and neighbors with shared interests.

The future allows this. The efficient size of cities and social communities will shrink.

#nostr and #bitcoin are crucial parts of that. #econstr #education #publicgoods #freedom #libertarian #opensourceeverything

https://highlighter.com/[email protected]/Public-Goods-in-a-Free-Society-odjrsi

https://www.aier.org/article/public-goods-in-a-free-society/

Can highly recommend Erik Angner's new book on economics for better understanding (and helping!) the world.

Nice overview for economic thinking; basically a Freakonomics for the 2020s.

"The conversational tone is excellent for the wide audience he intends — those skeptical of economists and economics — and it’s easy enough to follow along his clear prose even for those without prior training in our arcane arts. With plenty of personal anecdotes, Angner illustrates relevant and crucial economic themes of our times, summarizing well-established literature and occasionally offering some ways in which economics can indeed help save the world"

https://www.aier.org/article/angners-defense-of-the-dismal-discipline/

#econstr #bookreviews #crossposting #economics #philosophy #summerreading #reading #books

The more I think about the bureaucratic and enforcement costs of a (well-calibrated?!) carbon tax, and the more I realize how fantastically important fossil fuels are, the more I'm thinking the optimal carbon tax is negative.

Yes, probably negative. Fossil fuels are so god-damn important for human flourishing.

#econstr #fossilfuels #politicstr #future #postclimatenonsense

Vance Ginn, at AIER:

https://www.aier.org/article/the-economic-folly-of-a-carbon-tax/

Reeee-taaar-deeeed.

Imagine being an economist (i.e., someone who studies markets) and thinking there should be LESS MARKET and MORE STATE around. https://m.primal.net/JgJC.png

Christ, our civilization went to hell in a handbasket.

https://www.nzz.ch/meinung/berufsstand-mit-linksdrall-in-der-oekonomie-waechst-die-staatsglaeubigkeit-ld.1841053

#econstr #plebchain #news #degeneracy #crazy

Reeee-taaar-deeeed.

Imagine being an economist (i.e., someone who studies markets) and thinking there should be LESS MARKET and MORE STATE around. https://m.primal.net/JgJC.png

Christ, our civilization went to hell in a handbasket.

https://www.nzz.ch/meinung/berufsstand-mit-linksdrall-in-der-oekonomie-waechst-die-staatsglaeubigkeit-ld.1841053

#econstr #plebchain #news #degeneracy #crazy

What's abundance and charity have to do with the free market?

Quite a lot.

Prof. Guido Hülsmann has written an insanely well-researched and targeted book on the topic. https://m.primal.net/Jeol.png

Here's my review, featuring a

quote

https://www.aier.org/article/the-virtues-of-social-market-order-on-guido-hulsmanns-abundance-generosity-and-the-state/

#econstr #money #politicaleconomy #economics #plebchain #coffeechain #welfare

What's abundance and charity have to do with the free market?

Quite a lot.

Prof. Guido Hülsmann has written an insanely well-researched and targeted book on the topic. https://m.primal.net/Jeol.png

Here's my review, featuring a

quote

https://www.aier.org/article/the-virtues-of-social-market-order-on-guido-hulsmanns-abundance-generosity-and-the-state/

#econstr #money #politicaleconomy #economics #plebchain #coffeechain #welfare

Pretty decent explanation of what happens when an old money loses ground to another.

When the writing is on the wall, people trip over themselves to exit the depreciating currency (silver, fiat) in order to get their hands on the appreciating one (gold, #bitcoin). The fight in the 1870s was over veeeery fast.

Worth thinking about.

#econstr #reading #money #goldstandard #monetaryecon #transitions #gold

Still think intellectual property right is a thing? Think again.

My latest for Mises:

https://mises.org/mises-wire/absurdity-intellectual-property-laws

"Property rights aspire toward social harmony in that they prescribe who gets to use which thing at what time for which purpose. Intellectual property doesn’t have that physical limitation, and social harmony is maximized by removing (unfair and immoral) protections to property over nonscarce and immaterial things."

...

"Now, the words I string together in a certain order don’t have economic value; as the joke goes, the high school student pats her dictionary before an essay deadline and says reassuringly to herself, 'All the words are in here. I just need to find the right combination.' Nobody owns the words listed in the dictionary pages, and once assembled, anyone can recreate them — speak them, sing them, recite them at a wedding, or publish them (online or in physical form).

Take another illustration of open information, where the order itself is crucial and copyrighting impossible: the game of chess. You can’t patent or copyright a chess opening, even if the system or series of moves was invented (well, discovered!) by a specific player and popularized to the point that their name was attached to the moves. Don’t chess players deserve compensation for their hard, innovative work and for furthering the game by making a unique and specific series of impressive moves? No. The reason is that rent extraction isn’t feasible for things that are nonrivalrous. Magnus Carlsen, probably the best player of all time, doesn’t receive compensation when anyone else plays the Carlsen Variation of the Sicilian Defense. (Neither does the island of Sicily.)

Chess openings exist in the ether, in human minds, available for anyone to play. Nobody (bar authoritarians) can physically exclude you from moving pieces on a board in a certain order in a game in which you and your opponent subject yourselves to specific rules. If you’ve found an opening improvement that gives you a unique advantage, it was there in the open for anyone to find. You found it in information space, among the tens of duodecillion (1040) possible chess positions.

The Russian novelist Fyodor Dostoevsky found the words for his novels in language space, another information space composed of somewhere between 150,000 and 200,000 headwords; he used publicly available information in a specific order to assemble “Crime and Punishment,” which anyone in principle could have found. That’s why we socially add his name to the title of the book but don’t (and shouldn’t) reward him or his descendants financially for his find. If authors or musicians can monetize their nonrivalrous creation in other, roundabout, and economically fair ways, kudos to them!"

#econstr #intellectualproperty #econdebates #austrianeconomics #literature #chess #info #words #chessopening #plebchain

New

for the collection.

(By my count, I have 32 ZH appearances by now. Iz nice, iz nice.)

https://www.zerohedge.com/geopolitical/anarchy-uk

#authorstr #nostr #econstr #plebchain #writing #coffeechain

https://authory.com/JoakimBook?collection=All-Content-cb1806d61648d4fb699bc4d551f27f780&source=zerohedge.com

My latest piece for the Mises Institute -- shitting on The Economist, praising anarchy, and quoting

.

Yea, it's that kind of day:

"In his slam-dunk Bitcoin: Everything Divided by 21 Million, Swedish author Knut Svanholm hits on exactly that very Austrian point: 'Economics only applies to scarce goods. Things in abundance are free because their supply greatly exceeds the demand. The air you breathe is an example of such goods.'

https://mises.org/mises-wire/anarchy-uk

#plebchain #nostr #econstr #austrianeconomics #freedom #anarchy #ruleswithoutrulers

this.

all incentives pointing that way. Goodbye, legacy world

#fintech #revolution #money #econstr #monstr #future #plebchain

looksie what showed up in the mail!

Nice to finally have a physical copy. The Money/Bitcoin shelf is coming along nicely.

My review of the book @AIER is here:

https://www.aier.org/article/bitcoin-is-resistance-money/

#bookstr #bookshelf #art #econstr #reading #coffeechain #plebchain

"the same technologies that enabled widespread representative government also enabled the proliferation of softer money. Prior to these technologies, broad democracy wasn’t possible. And after these technologies, sound money was too slow to keep up. "

#econstr #lynwisdom #democracyvsfreedom

it's happening! #econstr #plebnews #nostr

https://www.aier.org/article/dollar-dominance-or-dollar-dependence/

Allen Farrington be like, nah y'all's side quests don't matter.

Fiat is retarded. #btcprague #econstr #fiatis

Talked dollar dominance and bitcoin with Bob Murphy at Mises the other day.

Decent convo, reality check on the dollar's permanent(?) status as world currency reserve.

Here's the article over at American Institute for Economic Research

https://www.aier.org/article/dollar-dominance-or-dollar-dependence/

#econstr #dollarstr #fiattalks #oldworldproblems #economics #bitcoin

NEW PIECE

The dollar is always on the verge of dying... but this time, we're SORT OF-KIND OF-MAYBE seeing it actually die.

#econstr #bitcoin #nostrnews

https://www.aier.org/article/dollar-dominance-or-dollar-dependence/

"Distrust of human institutions"?

Nice sleight of hand, sir.

Money is an institution of human action, but NOT of human design. That's the eternal truth that Bitcoiners re-assert: let's have money that we CAN TRUST by no longer having to trust HUMANS to run it well.

Rules, not rulers. #anarchy #nostrphilosophy #econstr

bitcoin fixes this?

(What on Earth should Buffett use his $200bn war chest for...?) #econstr #finstr #nostr

https://finance.yahoo.com/news/warren-buffett-hoarding-200-billion-174648657.html

Freakin' awesome cover picture here for my latest AIER piece -- reviewing Brad DeLong's Slouching Toward Utopia book

https://www.aier.org/article/sloppy-utopia/

#econstr #art #artstr #econhistory

Got some unbelievably positive comments for this one.

Thanks a lot, everyone.

"what an ending, ufff! gave me goosebumps"

"Your Samourai piece this morning was dynamite. Very well argued, made the tech-to-reader-understanding part as smooth and clear as anything I've read about it."

https://reason.com/2024/05/01/groundhog-day-for-the-crypto-wars-the-doj-on-bitcoin-prowl/

#nostrnews #econstr #opensource #libertarian #codeisspeech #code #crypto #cryptowars