The modern monetarist economists will always fail to grasp what’s truly going on because it can’t simply be wrapped up in a neat little formulaic expression.
People are broke, average checking and savings balances that banks conveniently make available show this. People spend as soon as they receive. Credit sources are tapped to the max, public data shows this at its highest levels ever.
People are as self absorbed, live for the moment, discounting the future for the present at rates never before seen. Everyone is a gambler, either in the literal sense or in some seemingly better way of “stonking” their earnings away.
Infrastructure is built for people and industry that simply doesn’t have exist. Government is the biggest spender in the economy. Go to any airport and see twelve baggage claims, ten of which aren’t used. Highways in rural Kentucky being built, literally for a populace that can barely afford to drive.
Mises said it best. The crackup boom is here. Stay on your toes folks. Stay humble. Stack sats.
https://www.econlib.org/which-price-indices-are-most-useful/
#StaySovereign #bitcoin #BTC #BitcoinOnly #economics #austrians #finance #mining #news #lightning #nostr #liberty #pleb
#NothingButLead #plebchain #mises #rothbard #introductions #sovereignOne
SovereignOne
npub12c…ff0yv
2024-04-07 13:29:40
Author Public Key
npub12c8m6ks2gvrnmaka9fj5jqqw9ee5wht0nc9lrvvw7whh33ahp46spff0yvPublished at
2024-04-07 13:29:40Event JSON
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"content": "The modern monetarist economists will always fail to grasp what’s truly going on because it can’t simply be wrapped up in a neat little formulaic expression. \n\nPeople are broke, average checking and savings balances that banks conveniently make available show this. People spend as soon as they receive. Credit sources are tapped to the max, public data shows this at its highest levels ever.\n\nPeople are as self absorbed, live for the moment, discounting the future for the present at rates never before seen. Everyone is a gambler, either in the literal sense or in some seemingly better way of “stonking” their earnings away.\n\nInfrastructure is built for people and industry that simply doesn’t have exist. Government is the biggest spender in the economy. Go to any airport and see twelve baggage claims, ten of which aren’t used. Highways in rural Kentucky being built, literally for a populace that can barely afford to drive.\n\nMises said it best. The crackup boom is here. Stay on your toes folks. Stay humble. Stack sats.\n\nhttps://www.econlib.org/which-price-indices-are-most-useful/\n\n#StaySovereign #bitcoin #BTC #BitcoinOnly #economics #austrians #finance #mining #news #lightning #nostr #liberty #pleb\n#NothingButLead #plebchain #mises #rothbard #introductions #sovereignOne",
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