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Jonathan Newman Profile picture
@NewmanJ_R
Apr 14 • 9 tweets • 4 min read Twitter logo Read on Twitter
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Stay ahead of the curve with these hidden gems! Don't forget to share these #LifeHacks with your friends! 🔥🔥🔥

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More from @NewmanJ_R

Jonathan Newman Profile picture
Nov 15, 2021
Chapter 13 "The Cultural and Spiritual Legacy of Fiat Inflation" from Jörg Guido Hülsmann's "The Ethics of Money Production."

Tweet thread summary. Image
1. Inflation Habits
Some consequences of inflation are true whether the inflation is caused by private actors (like counterfeiters, fractional reserve banks) or by the state. When caused by the state the consequences are worse—forms long-lasting "institutions and habits".
2. Hyper-Centralized Government
State inflation brought about the hyper-centralized states we see today. These states have crowded out all competitors, including local govts, civil society, family. Subsidiarity is gone and "all social bonds are controlled by the central state."
Read 15 tweets
Jonathan Newman Profile picture
Aug 10, 2021
you are probably a happily married white male who enjoys heavy metal, medium rare steak, going to the range with friends, and youtube videos of Ron Paul embarrassing the other 2008 GOP presidential candidates
oh and you have facial hair, a box of pc parts you haven't touched in years, neighbors who don't how radical your views are because you highly value having good relations with your neighbors and don't want to risk ruining it, and at least 2 unfinished home improvement projects
you are embarrassed by how much time you spend on your phone

you think about how long you and your family could survive different shtf scenarios

you look up the definitions of words you already know just to make sure you are using it correctly

you want a bigger garden
Read 4 tweets
Jonathan Newman Profile picture
Jun 10, 2021
That Paul is a hoodlum. He’s mean and destructive
But one of his misdeeds became quite instructive

He picked up a brick and then wound up his arm
He aimed at a window to cause the most harm
The bakery window was shattered in pieces
A crowd gathers ‘round as the tension increases

"O what shall we say of this terrible act?"
Asked the man in the front, “Is it so bad, in fact?”
“The window is broken, yes that much is true.”
“The baker’s misfortune is easy to view.”

“But the glazier will have a new job to get done.”
And here’s how the story of this crime was spun.
Read 9 tweets
Jonathan Newman Profile picture
May 17, 2021
Finally listened to this while I was working on a home project today. Here were my thoughts while I was working. Murphy has great criticisms of PTPT of interest, and I think Herbener's backing of Fetter's version (and kind interpretation of Mises) avoids most of the problems...
...Murphy points out. Two remaining issues, which they touched on at the end, but did not find consensus/closure are (1) the extent to which time preference is necessary to explain interest, and (2) whether time preference is a priori or based on the inherent logic of action.
I think Murphy would say TP is not necessary to explain interest and that the best way to think of TP is in psychological/subjective value terms. He may also agree with Böhm-Bawerk's point #3 about the higher productivity of roundabout processes. None of these are a priori.
Read 15 tweets
Jonathan Newman Profile picture
May 15, 2021
Saw this live. Wandered over to his campaign website. Thought his positions were good and constitutional. Read his book "The Revolution." Read some of his recommended reading like Economics in One Lesson by Henry Hazlitt. Went to Mises University 2009. ...
Got smacked in the face by Roger Garrison's PowerPoints. Decided to go to Auburn to get a PhD in economics. Met my wife at a church in Auburn. Found out about an open position at my current school via a Mises faculty member. Had two kids. ...
We are members of a great church, we love our friends, we live <5 hrs away from our parents, I love teaching economics at my school, 100s of students have learned Austrian econ, I go to Mises University every year, and I'm taking students with me again this year. Life is good.
Read 4 tweets
Jonathan Newman Profile picture
May 10, 2021
A thread about how monetary expansion exacerbates income and wealth inequality.
When the Fed increases the money supply or when credit is expanded by banks, the new money enters the economy through a particular point. One group of people gets to be the first to spend the new money. The new money does not increase everybody's incomes propotionally.
What this means is that these people get to increase their demands for goods and services (including durable and financial assets) before everybody else. The prices of these goods will begin to rise relative to other prices and this would not have happened without the expansion.
Read 12 tweets

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