Category: Economics, Finance, and Political Economy

  • UPDATE ON SHRUNKEN HEAD MARKET VALUE In 1919 shrunken heads were worth around $4

    UPDATE ON SHRUNKEN HEAD MARKET VALUE

    In 1919 shrunken heads were worth around $4.00, the equivalent of $57.33. Then in the 1930’s victim heads were made to order for around $25.00, which is around $275.02 in today’s economy. By 1952 a head was advertised in The Times for $250, which would be $2,231.36 now.

    Shrunken heads are a light, high value, commodity money substitute. 😉


    Source date (UTC): 2019-01-04 20:19:00 UTC

  • YOU WANNA ALSO UNDERSTAND PROFITING FROM NEW GENERATION WARFARE…. Peter T. Lee

    https://www.amazon.com/dp/B003SNJESU/IF YOU WANNA ALSO UNDERSTAND PROFITING FROM NEW GENERATION WARFARE….

    Peter T. Leeson’s The Invisible Hook: The Hidden Economics of Pirates (Princeton University Press: 2009).

    https://www.amazon.com/dp/B003SNJESU/


    Source date (UTC): 2019-01-04 19:57:00 UTC

  • photos_and_videos/TimelinePhotos_SxeO6JU-xg/49346210_10156895518072264_379673379

    photos_and_videos/TimelinePhotos_SxeO6JU-xg/49346210_10156895518072264_379673379

    photos_and_videos/TimelinePhotos_SxeO6JU-xg/49346210_10156895518072264_3796733798125666304_n_10156895518062264.jpg THE ECONOMICS OF HEADS.

    OK. Let’s pretend this is a serious question rather than “Maybe I can get Doolittle to laugh.”

    Heads are heavy and expensive. (About ten pounds).

    Scalps are light and expensive, but easy to fake.

    Shrunken heads are costly to produce.

    Skull pyramids are costly to produce.

    Therefore shrunken heads make an exceptional substitute for a ‘gold standard’. So, buy-in for the franchise, (the number of shares you acquire) can best be paid in shrunken heads.

    The skull pyramids are just status symbols that demonstrate one’s contribution to the common good.

    QUIZ

    For an extra ten points please explain how Inflation can be affected by shrunken-head backed currency, and how inflation can be limited.

    Thanks. (lolz)Curt DoolittleThe crazy sh-t people PM is far crazier than the crazy sh-t they comment or post… lolJan 4, 2019, 7:51 PMStephen ThomasI like this economyJan 4, 2019, 7:52 PMDaniel EssShrunken head supply will increase as good times are created by hard men. Good times will inevitably produce soft men, allowing evil men to proliferate and more heads to become available. Infinite good times or unstopable inflation?Jan 4, 2019, 7:54 PMGeorg Ioslol. Post more screenshots of them!!Jan 4, 2019, 7:55 PMCurt DoolittleYou just described the business cycle I think… lolzJan 4, 2019, 7:55 PMCurt Doolittleit only encourages people… lolJan 4, 2019, 7:57 PMDustin HutchinsonInflation – mass “collection” of all types

    Limitation – “collection” of specific typesJan 4, 2019, 7:58 PMCurt DoolittleSo you’re recommending multiple classes of stock? lol Interesting concept.Jan 4, 2019, 7:58 PMStephen ThomasGo on…Jan 4, 2019, 7:58 PMDustin HutchinsonRarity + disdain = higher value

    Commonality + apathy = low valueJan 4, 2019, 8:08 PMJames SantagataHow are inventories accounts for? LIFO or FIFO? And for a skull business, what is the “break even point”?Jan 4, 2019, 9:05 PMDustin HutchinsonAbout 6 million…Jan 4, 2019, 9:14 PMSean Emmi’ve known many people with inflated headsJan 4, 2019, 9:15 PMCurt Doolittleyes, but how do you SHRINK them?Jan 4, 2019, 9:17 PMSean Emmi like to use lye to reduce things to their constituent components, extract, sort and fileJan 4, 2019, 9:18 PMEli HarmanThe historical method of cleaning bones was boiling. I hear taxidermists use peroxide for superior aesthetics, in 20-40% concentrations.

    As far as the shrunken heads, the first step in head shrinking is generally skull removal.

    So shrunken heads and skull pyramids are not mutually exclusive!Jan 5, 2019, 2:27 AMArno KælandSerious question: what length and strength is optimal for a Vlad Tepes stake?Jan 7, 2019, 5:41 AMCurt DoolittleThree feet in the ground, three feet of clearance, plus the height of the individual. So minimum twelve, preferable fifteen feet. (4.5-5.5 Meters)

    Also depends upon whether it’s by anal insertion (torture) or abdominal insertion (display). lolJan 7, 2019, 8:35 AMSteven JacksonAnal torture prevents the spread of disease by locking in the feces, waste fluids run down the stake and don’t drip on those walking underneath.

    Abdominal insertion allows for fluids to drip off toes and fingers potentially ruining the experience for visitors and observers.

    Also, the screams ensuing from anal insertion reduce the budget for production, the tortured are loud enough acoustically, we just need to light themJan 7, 2019, 8:51 AMDarren HowellDiameter of said stake??? This is gunna tickle…🤔🤔😳😳😳Jan 8, 2019, 5:09 PMTHE ECONOMICS OF HEADS.

    OK. Let’s pretend this is a serious question rather than “Maybe I can get Doolittle to laugh.”

    Heads are heavy and expensive. (About ten pounds).

    Scalps are light and expensive, but easy to fake.

    Shrunken heads are costly to produce.

    Skull pyramids are costly to produce.

    Therefore shrunken heads make an exceptional substitute for a ‘gold standard’. So, buy-in for the franchise, (the number of shares you acquire) can best be paid in shrunken heads.

    The skull pyramids are just status symbols that demonstrate one’s contribution to the common good.

    QUIZ

    For an extra ten points please explain how Inflation can be affected by shrunken-head backed currency, and how inflation can be limited.

    Thanks. (lolz)


    Source date (UTC): 2019-01-04 19:51:00 UTC

  • TOLD YA’ SO. —“In only three months, Apple has lost $452 billion in market cap

    TOLD YA’ SO.

    —“In only three months, Apple has lost $452 billion in market capitalization, including tens of billions on Thursday as the tech giant’s stock sank further. Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a 52-week high of $233.47 a share. With its market cap down to about $674 billion, those losses are larger than individual value of 496 members of the S&P 500 — including Facebook and J.P. Morgan.”—

    Apple is just pulling a microsoft and the sooner this clown goes the better.

    If I am right they will have to redirect to compete with msft sometime in the next three to five years.


    Source date (UTC): 2019-01-03 16:54:00 UTC

  • All economics, in the end, is geography and demographics. All demographics is up

    All economics, in the end, is geography and demographics. All demographics is upward redistribution of reproduction. and downward suppression of it. There is nothing complicated about computational efficiency as a reduction to friction of cooperation.


    Source date (UTC): 2019-01-01 16:45:31 UTC

    Original post: https://twitter.com/i/web/status/1080142987961794560

    Reply addressees: @nntaleb @StefanMolyneux

    Replying to: https://twitter.com/i/web/status/1079537894086361088


    IN REPLY TO:

    @nntaleb

    I find these comparisons by @StefanMolyneux insensitive, silly, and failing basic introspective recursion. Someone from Babylon/Ancient Egypt/The Med/China could have, at some point, made similar comparisons entailing Northern Europeans.
    Then look what happened after 1600. https://t.co/LJbUCqNwo2

    Original post: https://twitter.com/i/web/status/1079537894086361088

  • Sitting on the world’s optimum trade route, and taxing everything that goes thro

    Sitting on the world’s optimum trade route, and taxing everything that goes through it, and destroying every people within it, and stagnating them, is NOT a measure of success. Being either end of the bronze age (w & e) and continuously innovating science (w), and reason (e) are.


    Source date (UTC): 2019-01-01 16:43:56 UTC

    Original post: https://twitter.com/i/web/status/1080142591621033984

    Reply addressees: @nntaleb @charlesmurray

    Replying to: https://twitter.com/i/web/status/1079549079099768832


    IN REPLY TO:

    @nntaleb

    That was what I tried to convey to that hawker-mountebank Charles Murray @charlesmurray when he wrote his gerrymandering book on how the “West” was great, redefining West as whatever has been recently successful.

    Original post: https://twitter.com/i/web/status/1079549079099768832

  • PLEASE UNDERSTAND WHAT THIS MEANS —“It was a good year for wealth creation. It

    PLEASE UNDERSTAND WHAT THIS MEANS

    —“It was a good year for wealth creation. It was a tough year in financial markets, but for people who are creating wealth through companies, the economy itself is very strong.”— Michael Zeuner, managing partner of WE Family Offices.


    Source date (UTC): 2019-01-01 02:27:47 UTC

    Original post: https://twitter.com/i/web/status/1079927134792105984

  • PLEASE UNDERSTAND WHAT THIS MEANS —“It was a good year for wealth creation. It

    PLEASE UNDERSTAND WHAT THIS MEANS

    —“It was a good year for wealth creation. It was a tough year in financial markets, but for people who are creating wealth through companies, the economy itself is very strong.”— Michael Zeuner, managing partner of WE Family Offices.


    Source date (UTC): 2018-12-31 21:27:00 UTC

  • Untitled

    https://www.vox.com/the-goods/2018/12/27/18156431/recession-fashion-design-minimalismhttps://www.vox.com/the-goods/2018/12/27/18156431/recession-fashion-design-minimalism


    Source date (UTC): 2018-12-30 02:27:00 UTC

  • All of this is OLD NEWS. If you want to encourage people to prosper by pairing t

    All of this is OLD NEWS. If you want to encourage people to prosper by pairing their skills to those necessary to serve the market that they understand, then yes. If you mean very bright people are fooled by sophism, innumeracy, pseudoscience – then yes.


    Source date (UTC): 2018-12-27 20:31:54 UTC

    Original post: https://twitter.com/i/web/status/1078388023274946562

    Reply addressees: @nntaleb

    Replying to: https://twitter.com/i/web/status/1076845397795065856


    IN REPLY TO:

    @nntaleb

    “IQ” THREAD

    “IQ” measures an inferior form of intelligence, stripped of 2nd order effects, meant to select paper shufflers, obedient IYIs.

    1- When someone asks you a question in REAL LIFE, you focus first on “WHY is he asking me that?”, which slows down. (Fat Tony vs Dr John)

    Original post: https://twitter.com/i/web/status/1076845397795065856