Because of an epidemic that will depress the market by decreasing production and consumption until it passes.
Which just means its a creating a buying opportunity for those of us who know how to find value.
Source date (UTC): 2020-02-28 21:18:15 UTC
Original post: https://twitter.com/i/web/status/1233501690449494017
Reply addressees: @PeterSchiff @realDonaldTrump
Replying to: https://twitter.com/i/web/status/1233492413416706061
Yes. And it will expose the difference between our advanced economy and our inability to tolerate shocks, vs china’s emerging economy and ability to tolerate shocks.
We have demilitarized the social order since the 60’s so deeply that we can no longer revert to it under duress.
Source date (UTC): 2020-02-27 16:45:15 UTC
Original post: https://twitter.com/i/web/status/1233070602241683456
Reply addressees: @hbdchick @mfgengr @JayMan471
Replying to: https://twitter.com/i/web/status/1233063082685059072
I have been going through all the plans tonight and it’s the ‘gas station’ metric. When they guy pumping gas asks you about investing you know to get out of the market. When someone you know with gets it and gets out of work, that’s when it’s going to show up everywhere fast.
Source date (UTC): 2020-02-26 01:10:59 UTC
Original post: https://twitter.com/i/web/status/1232473097879474176
Reply addressees: @LABarbarian17
Replying to: https://twitter.com/i/web/status/1232472224830906368
(The flip side of “I, Pencil”.) (probably an important lesson) Military(organization of territory) <> Judiciary (organization of cooperation-contract) <> Finance (organization of money(stored time)) <> Entrepreneurship (Organization of opportunity, capital, people) <> Professionals (organization of production(calculation)) <> Managers (Organization of people) <> Producers (Organization of resources) <> Distributors (organization of distribution) <> Trade (organization of transactions) <> Consumers (organization of consumption) <> Parents (organization of reproduction) <> teachers, priests, public intellectuals politicians ( sedation, facilitation, and amelioration of stress arising from scarcity, individual and familial irrelevance, and alienation in the division of labor upon which they depend.) Given the problem of “I,Pencil” (distribution of knowledge), an individual farmer has to input a lot of diverse knowledge and effort for low return on investment, in no small part because petroleum products, industrialization, fertilizer, feed were fully commoditized, and distribution. A farmer organizes primary resources (animals, food stuffs) and as such must be a skilled craftsman (organizers of specialized resources) at the very limit of craftsman’s capital (tools – no other craftsman requires so many tools). But the returns on the organization of resources are small – there are few multipliers. As you move up the production hierarchy you are responsible for organizing more and more and more people – where there are multipliers. This is why Marx is wrong. In order to organize people by rational incentives, one must produce marginal competitive differences by which to influence their choices. As such the entire difficulty in organizing production is organizing the human beings in a vast network to engage in it with nothing other than the bribe of doing the work (payment).
(The flip side of “I, Pencil”.) (probably an important lesson) Military(organization of territory) <> Judiciary (organization of cooperation-contract) <> Finance (organization of money(stored time)) <> Entrepreneurship (Organization of opportunity, capital, people) <> Professionals (organization of production(calculation)) <> Managers (Organization of people) <> Producers (Organization of resources) <> Distributors (organization of distribution) <> Trade (organization of transactions) <> Consumers (organization of consumption) <> Parents (organization of reproduction) <> teachers, priests, public intellectuals politicians ( sedation, facilitation, and amelioration of stress arising from scarcity, individual and familial irrelevance, and alienation in the division of labor upon which they depend.) Given the problem of “I,Pencil” (distribution of knowledge), an individual farmer has to input a lot of diverse knowledge and effort for low return on investment, in no small part because petroleum products, industrialization, fertilizer, feed were fully commoditized, and distribution. A farmer organizes primary resources (animals, food stuffs) and as such must be a skilled craftsman (organizers of specialized resources) at the very limit of craftsman’s capital (tools – no other craftsman requires so many tools). But the returns on the organization of resources are small – there are few multipliers. As you move up the production hierarchy you are responsible for organizing more and more and more people – where there are multipliers. This is why Marx is wrong. In order to organize people by rational incentives, one must produce marginal competitive differences by which to influence their choices. As such the entire difficulty in organizing production is organizing the human beings in a vast network to engage in it with nothing other than the bribe of doing the work (payment).
Full-Accounting Fixes the “isms” https://propertarianism.com/2020/02/25/full-accounting-fixes-the-isms/
Source date (UTC): 2020-02-25 16:27:59 UTC
Original post: https://twitter.com/i/web/status/1232341482318725120
by Luke Weinhagen . Communism, as it has been practiced, has functioned to keep full-accounting out of community interactions. Capitalism, as it has been practiced, has functioned to keep full-accounting out of capital interactions. Parasites use both to extract value from our common interests at the discount available due to their suppression of full-accounting. The solution… full-accounting.
by Luke Weinhagen . Communism, as it has been practiced, has functioned to keep full-accounting out of community interactions. Capitalism, as it has been practiced, has functioned to keep full-accounting out of capital interactions. Parasites use both to extract value from our common interests at the discount available due to their suppression of full-accounting. The solution… full-accounting.
Evolution of Money https://propertarianism.com/2020/02/25/evolution-of-money/
Source date (UTC): 2020-02-25 16:16:32 UTC
Original post: https://twitter.com/i/web/status/1232338600924262401
|Trade| Trade > Market > City, > Contract > Credit > Accounts > Unit of commodity money, Coinage > Notes > Currency > Fiat Currency Babylonians used the Shekel or a single unit of barley as commodity money, including rules of debt in 3000 bc. Metals were used as proto-money in egypt and babylon by the same period. Europeans are familiar with arm-bands of metal as stores of wealth. Coinage was invented in the Aegean, India, and China around the same time – the end of the bronze age dark age – in the 700-600s bc. The oldest coin I know of is from the Temple of Artemis at Ephesus. It is most likely that coinage was NOT developed in the fertile crescent because commodity money was sufficient for the density of land trade. It is most likely that it developed in the aegean because of the heterogeneity of production and sea trade. It is most likely that it developed in china because of the political, regulatory and tax structure, and the long distance of trade. There certainly is universal incentive to create coinage to pay for military service although plunder was enough of an incentive. I do not know enough about trade patterns in ancient india to speculate on the generation of demand for coinage – or why india was less successful than china in consolidation – I assume it is distance, geography and demographic distances.