My answer to What should I read to learn about Austrian Economics? https://www.quora.com/What-should-I-read-to-learn-about-Austrian-Economics/answer/Curt-Doolittle?srid=u4Qv
Source date (UTC): 2018-06-23 16:21:46 UTC
Original post: https://twitter.com/i/web/status/1010558543597068289
We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.
We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.
CHOICE. SO CHOOSE.
We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.
Source date (UTC): 2018-06-22 12:08:22 UTC
Original post: https://twitter.com/i/web/status/1010132382605688833
Retweeted Gyeff (@Gyeff):
@curtdoolittle The problem is that the parasites are stealing so much value from the laborers that the laborers don’t have enough money to reproduce their labor for the next generation. As long as the system exists we can’t help but become a 3rd world country because there are no native babies.
Source date (UTC): 2018-06-22 08:22:00 UTC
CHOICE. SO CHOOSE.
We can either put kids to work earlier, and have elderly work later, and thereby follow the Japanese, or we can turn into South America, the Middle East, and India. Or rather, reverse our conversion into South American, the Middle East, and India.
Source date (UTC): 2018-06-22 08:08:00 UTC
WHO IF ANY ONE TRACKS THE BOYCOTT LIST?
“Add to the boycott list.
Starbucks,
Target,
Dick’s,
Delta,
McDonald’s,
American”
(via steve pender)
Source date (UTC): 2018-06-20 21:27:17 UTC
Original post: https://twitter.com/i/web/status/1009548263668805632
The problem with gold is (a) there is too little of it, (b) and as such it is too volitile for long term pricing. (c) and it is too open to manipulation. The problem with the fiat money system is only (a) we don’t have enough types of money, (b) we pay interest on borrowing from ourselves to create long term capital (housing, cars, appliances), which makes no damned sense at all, (c) we distribute liquidity through the financial sector and credit rather than just directly to consumers (citizens), and therefore cause the entire economy to reorganize and suffer the shocks, rather than simply having consumers correct the shock by shifting of consumption and debt. Libertarians are pretty much always wrong, because they’re always only half right, and they’re half right not because they’re moral, but because they want to enable private sector rents rather than public sector rents, instead of eliminating rents altogether. No man has any right to appreciation of a currency at the expense of others’ reduction of consumption or production. There is just no way to claim that. But it’s exactly the purpose of (((libertarian))) dogma: restoration of “the rents of the pale.”