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Today's Applied Complexity Symposium begins with a panel on Computation and Complex Economies, feat. Rob Axtell, Joshua Epstein, @C4COMPUTATION, Blake LeBaron, John Miller, & @MelMitchell1

(Follow this thread for live coverage all day...)

#complexsystems #economics
4 Principles of Collective #Computation:

1 Ground truth (objective reality)
2 Effective ground truth (what we agree on, whether or not it is accurate)
3 #Information can be collectively encoded in #networks
4 Outputs are a product of collective dynamics

@C4COMPUTATION right now
"I think #economics really needs to adopt a generative framework with agent-based models of cognitively plausible software people...[and] we don't choose to fear."

- SFI'S Joshua Epstein (@GeorgeMasonU) on modeling emotions at today's ACtioN symposium:
Santafe.edu/action
Read 44 tweets
1/
#Thread 1: Paying for the #GreenNewDeal

Preface

“You don’t find the money. You find the votes.”

--@StephanieKelton
2/
Welcome from @rohangrey! Here are clips from a 5/24/19 workshop at Harvard Law School on budgeting & macroeconomics of a #GreenNewDeal. We're proud & humbled to work with our cosponsors: the HLS Forum, @IGLP_HarvardLaw @DSA_Enviro @GISP_Tweets @thepublicmoney & @SunriseBoston.
3/
In today’s thread:

The State of the Green New Deal "Pay For" Debate, pt. 1
Simon Metcalf @SunriseBoston

The State of the Green New Deal "Pay For" Debate, pt. 2
Andrés Bernal @andresintheory

The Federal Budget, pt. 1
Stephanie Kelton @StephanieKelton
Read 23 tweets
#THREAD
So if you have any doubt about this being a #ParadigmShift, check this out. A colleague from the humanities is teaching a social science class this semester. She decided to introduce her students to different theories about #money. 1/n
Naturally (dare I say?), a basic intro to #MMT was in order. One of the sources was episode 2 of the @MMTpodcast by @christreilly (a comedian) & @PatriciaNPino (an engineer) discussing #MMT & #MonetarySovereignty. 2/n
pileusmmt.libsyn.com/2-monetary-sov…
I'm told that this sparked a very lively discussion that will continue in class next week. I've always said that this paradigm shift will not take place under the leadership of mainstream economists & their admirers. 3/n
Read 6 tweets
Full documentary- The Money Masters - The rise of the bankers #Money #Masters #Bankers @POTUS #documentary_films #Documentary #Full_Doc This is by far one of, if not the, best movie on the history of the monetary system! THE FED IS A PRIVATE CORPORATION & NOT PART OF OUR GOV'T
Read 5 tweets
how to research European foreign policy and what pitfalls to avoid: a thought-provoking sharing of many experiences during @Nortia_eu masterclass at @Politics_Oxford with @Bentonra from @ucdpolitics @globus_h2020
@Nortia_eu @Politics_Oxford @Bentonra @ucdpolitics @globus_h2020 We asked @Bentonra @Nortia_eu: Q1: What do we need to remind ourselves of if we look at the EU as an actor (in foreign policy but also more generally)
@Nortia_eu @Politics_Oxford @Bentonra @ucdpolitics @globus_h2020 @Bentonra tip 1: Remember history, remember the longue durée: patterns of these developments crucial to understand what is happening now
Read 21 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
J.T.Salerno
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
J.T.Salerno
Read 118 tweets
From @rlefraim, "AN OPEN LETTER TO JEWISH DEMOCRATS

In a few days, it is Yom Kippur. It is a time of reflection, of thought.

Your party has a problem. 1) #JewishDemocrats #Antisemitism #JewHate #Democrats #YomKippur
It refuses to condemn anti-Semitism among its members in Congress, many of its Congressional Delegation refused to condemn BDS one-sided boycotts of Israel. 2) #Antisemitism #Congressmembers #Democrats #BDS #Israel
Much of the Congressional & Senate delegations run to get the endorsement of anti-Semite Louis Farrakhan, & few object, in fact, few of the Jewish Democrats in Congress object with the exception of Ted Deutch. 3) #Democrats #Endorsements #JewHaters #Farrakhan #JewishDemocrats
Read 9 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
1/ AT ONE TIME, EVERY PIECE OF #PAPER MONEY WAS BACKED BY #GOLD. REMEMBER… FOR EVERY 20 DOLLAR BILL… THERE WAS $20 WORTH OF GOLD IN A #GOVERNMENT VAULT. NOT ANYMORE.

TODAY, GOVERNMENTS CREATE #CURRENCY BY FIRST CREATING BONDS OR TREASURY-BILLS.
2/
THESE #BONDS ARE SOLD IN THE #MARKET… GENERATING FUNDS FOR THE GOVERNMENT THAT ISSUED THEM.

LARGE #BANKS BUY U.S. BONDS TO FLIP THEM… SELLING THEM TO THE #FEDERAL RESERVE AT A PROFIT -- THIS IS THE MAGIC MONEY MACHINE. #FED
3/ YOU SEE… THE FED IS AMERICA’S #CENTRALBANK. BUT IT DOESN’T HAVE ANY MONEY, NO #CASH ON ITS BALANCE SHEETS.

WHEN A BANK BUYS A BOND AND TAKES IT TO THE FEDERAL RESERVE, THE FED SIMPLY SAYS “THANK YOU MR. BANKER, HERE’S THE PRINCIPAL AND SOME #PROFIT.”
Read 12 tweets
There was a super insightful fireside chat with @vkhosla and @NandanNilekani, moderated by @sharads, yesterday in Bangalore. My notes. Long thread.
@vkhosla: I have this fear that you can grow old when you retire, not retire when you grow old. So I hope I never retire. As long as you have interesting problems to work on, there's nothing more exciting to do than work on that.
Read 60 tweets
Today marks two years since the VC Summer #nuclear construction project was suddenly abandoned, quickly becoming one of the largest financial, legal, political and regulatory debacles in the history of South Carolina. Thread (1/?):
A quick search of @thestate's archives show we have since published more than 500 stories, editorials, op-eds, and letters to the editor about VC Summer. I've spent the past two years following the story, with tons of help from @sfretwell83 and others here.
We interviewed sources and reviewed hundreds of thousands of documents to piece together how the project failed, who enabled it and benefited from it and how it had caused the power bills of millions of #SC residents to soar. A few highlights:
Read 24 tweets
Follow the #money among Dems in the House who have not made a public statement categorically in support of an impeachment inquiry - especially those in states not won by Trump in 2016.
Read 5 tweets
Who Is British Socialite Ghislaine Maxwell, Jeffrey Epstein’s

Longtime Partner?

By Ed Dickson
Q
Read 358 tweets
#Tolstoy & #MMT connection

In 1886, great Russian novelist Leo Tolstoy published a non-fiction piece called 'What Then Must We Do?'.

There is a chapter on #money, which in effect sounds very much familiar and close to the #MMT motto -- #taxes-drive-money.

1/4
Tolstoy: "Any money is getting accepted between people only when they are forcefully demanded to be delivered by everybody. When every person needs money to redeem herself/himself from violence, only then money will obtain stable exchange value..."

2/4 #Tolstoy & #MMT connection
Tolstoy (cont'd): "... And what is demanded by the government [to be delivered by people as payment of taxes, fees, etc] obtains value, not what is convenient for exchange."

3/4 #Tolstoy & #MMT connection
Read 7 tweets
“The Richest Man in Babylon” (George S. Clason 1926), is full of financial nuggets in a collection of parables set 8,000 years ago in ancient Babylon.
The seven “cures for a lean purse” may be over 90 years old, but the principles are just as important today as they were then:

1. “Start thy purse to fattening”
Pay yourself first

2. “Control thy expenditures”
Live within your means
3. “Make thy gold multiply”
Let your money work for you

4. “Guard thy treasures from loss”
Protect your wealth
Read 8 tweets
Abro hilo con algunas lecturas -tanto texto académico como ensayo-, para empezar a entender mejor temas financieros y #monetarios. Abro con 4 clásicos contemporáneos de @GeorgeSelgin (#must). #money #libros
Otro clásico contemporáneo y quizás la mejor puerta de entrada a la materia para el lector español es "Dinero, crédito bancario y ciclos económicos" (@UnionEditorial1) de J Huerta de Soto (en inglés disponible PDF en @mises). #money #banking
La temprana Teoría del Crédito y del Dinero de L von Mises (1912), que parte de la base trabajos previos de Bhöm von Bawerk, y especialmente de "Capital & Interest" (1880s), están disponibles en PDF en @mises son los dos grandes pilates Ta moderna crédito y ciclos económicos.
Read 17 tweets
@wdunlap “Speaking to reporters on Tuesday, #Trump dismissed his past appearances with #Epstein …Epstein’s personal little black book, leaked by an employee in 2009, contained 14 phone numbers for Trump, his wife, Melania, and several people who worked for him.”
vanityfair.com/news/2019/07/h…
@wdunlap “But even beyond #Trump’s own words further up, there’s a good deal of evidence the two were friendly social acquaintances at least through the early 2000s”

“Trump called #Epstein twice in November 2004, according to message pads seized”

#plane
#Lolita
vox.com/2019/7/9/20686…
@wdunlap “Attorneys for #Epstein say he obtained a foreign #passport under an alias in 1980s to defend himself from potential kidnappers while traveling in the Middle East.

worried about perils he faced traveling there as ‘an affluent member of the Jewish faith’”
news.yahoo.com/latest-epstein…
Read 201 tweets
1. #News ~ It's Official: This Is The Longest Economic Expansion On Record Since First being Tracked in 1854!

THANK YOU PRESIDENT TRUMP!

zerohedge.com/news/2019-06-3…

#Trump #Qanon @realDonaldTrump #WWG1WGA
#Trump2020 #WINNING #MAGA #KAG
2. #News ~ Democrat Kamala Harris Sponsors Bill to Outsource U.S. Jobs to Indian Graduates

ANYTHING TO DO WITH HER MOTHER BEING FROM INDIA?

breitbart.com/2020-election/…

#Trump #Qanon #MONEY
3. #News ~ Dow celebrates best June in 81 years, S&P best in 64 years foxbusiness.com/markets/dow-ce…

#Trump #Qanon @realDonaldTrump #WWG1WGA
#Trump2020 #WINNING #MAGA #KAG
Read 60 tweets
“The process of #centralization has resulted in #monetary disintegration :”… (1/6)
Democracy: The God That Failed
“… the destruction of the former international commodity (gold) #money standard and its replacement with a #dollar-dominated system of freely fluctuating government paper monies, i.e., a global, U.S.-led government counterfeiting cartel” (2/6)
“However, a system of freely fluctuating paper currencies – the Friedmanite-#monetarist ideal – is strictly speaking no monetary system at all. It is a system of partial barter -dysfunctional of the very purpose of #money of facilitating rather than complicating exchange” (3/6)
Read 6 tweets
1 - When you take up #responsibility, a cognitive shift happens in you. Your mental setup changes.
2 - For example, if you work eight hours in your office just following orders you will feel dull and tired. Instead, if you take up responsibility and #initiative, that same eight hours will become much easier and more enjoyable.
Read 13 tweets
The Green Club season is upon us 💃🏾💃🏾💃🏾...We start taking in new members from the 1st of June....Here’s what you get when you sign up to join the club #thread
1. Access to an ONLINE COURSE which breaks down how to build an investment portfolio correctly so you stop making mistakes with investment decisions that cost you your savings.
2. Access to investment opportunities reviewed and analysed for risk and commercial viability. We don’t share random opportunities. We have members who have lost money just because they made random decisions prior to joining the Green Club, you can avoid that.
Read 5 tweets
Another interesting criticism (Dr. Peterson's speech in which he sings the praises of Indian guest-workers 'pumping money back to India like mad' is particularly telling): .
@threadreaderapp : please UNROLL
Read 3 tweets
#MayDay

Special Thanks to the CaravantoMidnight.com Team Allowing US to #ShineTheLight on Darkness

#Episode1111 ~~> caravantomidnight.com/Episode/Episod…

🇱🇷 #QANON Movement will NEVER accept Evil to #Infiltrate US

Sauced Thread
#PatriotsUnited @GenFlynn @BarbaraRedgate @realDonaldTrump
#MayDay #DigitalSaleOuts

First, lets ask why #QANON tagged @inthematrixxx & @shadygrooove under the Anon named "SOLDOUT"

Q post# 2826

Who or What have they SOLD OUT to?

Why would they Schedule a Seminar in the Devils Den at "Ramtha's School of Enlightenment"

#GOODvsEVIL #PTL
#MayDay

What is Ramtha's School of Enlightenment?

Why does Judy Zebra (JZ) Knight Donate so much Cash to These Sale Outs?

Agenda?

Democrat Demonic Infiltration? You Decide

Link ~>ramtha.com/events/event.a…

Use Discernment Patriots.

@prayingmedic @SeanCordicon @POTUS #WakeUP
Read 40 tweets
THREAD : COMMENT SAVOIR SI VOUS VIVEZ AU DESSUS DE VOS MOYENS ? 💰💰💰

#FinancialFreedom 🖐✋
#Money 💸💷💶💵💴
1) Tout le monde aimerait vivre confortablement dans une belle et grande maison, avoir une belle voiture, prendre des vacances quand il le faut, aller au restaurant quand il en a envie...
2) Cependant si vous voulez faire tout ça vous devez apprendre à gérer votre argent et non pas laisser l'argent vous gérer.

Beaucoup pensent à tort que ce qui est important c'est d'avoir un gros salaire, un revenu avec plusieurs zéro, mais cela n'est qu'une illusion...
Read 13 tweets

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