You will only be able to understand the fiat economics taught at fiat universities when you realize it's not an intelligent or honest intellectual pursuit, but an elaborate post hoc rationalization to arrive at the predetermined conclusion of "printing money is good".
If you read a Keynesian textbook trying to make sense of it, you'll get lost in laughably dumb reasoning.

If you read it as the work of slimy con artists trying to arrive at the predetermined answer of "printing money good", it all makes perfect sense.
What kind of idiot would begin their analysis by assuming unemployment is a function of the level of aggregate spending?

Anyone whose day job is to find reasons & justifications for government printing money & handing it out to cronies.
And THAT is why all fiat economists are incapable of producing a single useful coherent thought on bitcoin. They never think logically or honestly try to understand reality. They're just conmen trying to fit everything into their pre-planned sales pitch of "money printing good".
You can replace all fiat economists with a simple algorithm for analyzing X, where X is any economic issue:

If X calls for more money printing -> make favorable noises

If X calls for less money printing -> make unfavorable noises

That's it. That's what the PhD training is for

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More from @saifedean

18 Dec
With a fixed supply of money, holding the money itself is similar to investing in a global index fund which offers no yield but appreciates with global productivity. Anyone can be an investor; zero fees, experience, or professional management required.
Anyone who earns money can expect to keep it and watch it appreciate, without needing to do any more work.

With easy money, you need to beat inflation to keep the value you earned & for that, you need several professionals working full-time trained for years and plenty of luck
Imagine if every child could expect any money they earn or get as a gift to appreciate over time without needing professional management. How much more would children grow up to value saving and low time preference?
Read 10 tweets
6 Dec
It's been a year of hysteria over a low mortality respiratory illness & there are still cattle among us who want to impose govt restrictions on others to fight this doom.

Low testosterone & manboobs are the real epidemic. Nobody afflicted should be taken seriously by anyone sane
Next time you find yourself manipulated into joining a chorus of cattle braying for restrictions on others for "public health", ask yourself:

How many of the cattle are taking care of their own health?

Why should the sick, defective & disgusting dictate how the healthy live?
Do you have an opinion about public health?

If you have manboobs, SHUT UP and keep it to yourself.

Nobody listens to fatties lecturing on health or whores on chastity.

Try to figure out how to lose the boobs first. you'll quickly realize how dumb your manboobed opinion was.
Read 5 tweets
22 Nov
Government restrictions on your movement were pointless, and the only thing that matters is individual health.

Everyone who is intelligent & healthy understood this from day 1. Only dumb, gullible & unhealthy fat cattle (~90% of adults) could disagree.

It is NOT a coincidence that all the fat idiots you know support lockdowns.

If you think government restrictions can protect your health, you are simply too thick and unhealthy to understand what health is.

The entire field of epidemiology is a pseudoscience built on the profoundly dumb idea that health outcomes are determined by exponential curves irrespective of individual health.

You *have* to be dumb AND unhealthy to believe such idiocy. No exceptions.
Read 4 tweets
2 Nov
Productivity hack:

Don't waste any time reading anything written by any authors who were/are hysterically hyperventilating over a virus. Just watch CNN once a week & you'll get the gist of everything they all think & write.
Coronahysteria made it clear 99% of public intellectuals and academics are state-owned cattle incapable of a shred of critical or independent thinking.

All their debates & differences are meaningless bleating that's not worth the time of anyone with self-respect.
If an intellectual

-was scared of eXpOnEnTiAl cUrVeS
-believed this is a once in a century epidemic
-thinks lockdowns work
-thinks masks should be mandatory
-believes in the PCR test & thinks its positives constitute a second wave

You lose nothing by replacing his work with CNN
Read 4 tweets
13 Oct
Proud to be a consultant to Ross & NYDIG & to congratulate them on this great news!

"NYDIG's corporate treasury solutions will be invaluable to other companies as they follow suit adopting the Bitcoin Standard for part or most of their treasury strategy"

prn.to/33TJc65
NYDIG offers the complete suite of solutions needed by institutions looking to allocate to bitcoin, as it was built to facilitate custody of the 10,000+ BTC treasury reserve held by parent company Stone Ridge Asset Management.
"While the firm isn’t sharing its total assets under management NYDIG now custodies more than $1 billion, according to the firm, and the number of its clients has quadrupled over the past ten months."

forbes.com/sites/michaeld…
Read 4 tweets
11 Oct
Unbelievable.

After 8 months of global destruction, the megalomaniac @WHO criminals now change their stance to avoid the blame:

“Lockdowns just have one consequence that you must never ever belittle, and that is making poor people an awful lot poorer"

amp.news.com.au/world/coronavi…
The highest grade of idiot are the people who had never heard of lockdowns until 2020, when they suddenly realized they're the best solution to pandemics & all their costs are justified.

The same breed of cattle will now continue to believe the WHO as they turn against lockdowns
When morons are scared by their TV, @WHO scum recommend the most drastic response to avoid any blame.

When the worst is over, they completely reverse course to avoid blame for their recommendations.

This is "The Science" educated morons have been conditioned, like dogs, to obey
Read 8 tweets

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