Neil Smith 🕊 Profile picture
Keynes⇒Systems⇒Machiavelli⇒Orwell⇒Lin Yutang ☯🕊
Sep 19, 2023 6 tweets 2 min read
Bertrand Russell on the 1949 edition of The Scientific Outlook (originally published 1931). Image Government as advertising (cf. Edward Bernays' Propaganda, 1928). Image
Jun 27, 2023 4 tweets 2 min read
Jan Hatzius of Goldman Sachs back in 2013, on sectoral balances as the key to understanding the macroeconomy.
https://t.co/wcPzY3csdobusinessinsider.com/goldmans-jan-h…
Was thinking of this comment re today's 'debate' around profits & inflation: merely accounting, or causal?
Feb 6, 2023 4 tweets 2 min read
Keynes 1923 on commodities. Is this where we find ourselves with the entire energy complex? There's a danger that the 2020s ends up being a disastrous result of ambiguous (if not actively dishonest) political messaging at national & supranational level about our collective political ability to wean ourselves off fossil fuel, & replace that energy with renewables.
Feb 3, 2023 8 tweets 3 min read
From the ruling ( here: coindesk.com/business/2023/… ) Image The defence argument is essentially "law can't tell us what to do because it goes against what we believe as a culture, and it would kill BTC/BCH"! 😂 Image
Nov 26, 2022 4 tweets 4 min read
I think this indicates we're at about stage 8 on The Road to Brexit Britain Serfdom.
Nov 23, 2022 5 tweets 2 min read
"Bitcoin was invented to circumvent the world’s central banks". 🤦‍♂️FFS! Can someone write something intelligent about Bitcoin?
politico.com/newsletters/di… I see laser-eyes are frothing at the mouth over this paper. But:
(i) the assumption that mining pools won't be subject to sanctions requests is wrong; &
(ii) what's the optimal allocation if assumed returns are consistently negative as BTC trends to 0?sites.google.com/view/matthewfe… Image
Nov 14, 2022 15 tweets 5 min read
Back at Uni of Exeter last week to give a guest lecture on money & 'Bitcoin'. Some slides FWIW. Feel free to fight me! 😁 The two concepts of money is the irreconcilable difference.
Nov 9, 2022 8 tweets 3 min read
A regulatory arbitrage does not make an industry. sequoiacap.com/article/sam-ba… For anyone whose life has not involved ignoring, or trying to ignore regulatory compliance in the financial industry, the term 'red tape' is doing a lot of work here!!
Nov 6, 2022 4 tweets 1 min read
Keynes on Bernard Mandeville's call to prodigality in The Fable of the Bees & the "austere doctrine" that rejected it and "gave place to a state system which 'could not afford' hospitals": Other than in some irrelevant ivory towers of orthodox academia, this has never been a technical problem of understanding: it's the timeless problem of political fraud.
Nov 5, 2022 4 tweets 2 min read
"As far as I can see it, if Dr Wright can move one of Satoshi's bitcoins - as promised - that should convince many of the doubters. But don't expect everybody to be convinced."—Rory Cellan-Jones 3 May 2016
bbc.co.uk/news/technolog… It's very clear to me that RCJ (former technology correspondent of the BBC) doesn't understand what Bitcoin is, & why apparently he continues to dunk on Craig.

Also he doesn't understand why he's on the side of criminals if he persists with this "Just move some coins" canard.
Oct 31, 2022 8 tweets 3 min read
Adam Müller, 1820 - via. 'Hypersign, Hypermoney, Hypermarket: Adam Müller's Theory of Money and Romantic Semiotics' by Richard Gray jstor.org/stable/20057604 Image Müller's line of thought was an influence (according to Geoffrey Ingham) on Simmel, Knapp and Weber (& thus ultimately Keynes). ImageImage
Aug 10, 2022 5 tweets 2 min read
Enjoyed this podcast. Words I never thought I'd utter! 😁 I enjoyed it so much I bought the book in fact. Post-Keynesians (especially fans of Godley & Lavoie) gonna like this. PK economics is way more relevant to the real world.
Feb 14, 2022 5 tweets 3 min read
Zbig Brzezinski's Grand Chessboard, 1997, has interesting pre-emptive commentary on Ukraine as a geostrategic pivot.
Feb 14, 2022 4 tweets 1 min read
Narrative brought to you by the voice of MI6 in Parliament. Establishment voices then public shaming can seek to ameliorate any questioning of it. Does it feel uncomfortable? The Manichean presentation is the real deceit here. You don't have to like Putin to dislike the creation of false narratives to promote war.
Feb 10, 2022 8 tweets 3 min read
Useful to actually read the judge's comments on this. I think this is aimed directly at the COPA-cartel's lawyers. It is indeed bad tempered, because this fraudulent outfit is attempting to extend the trial by Twitter for BitcoinCore's small-block mafia.
bailii.org/ew/cases/EWHC/… This is arguably an attempt at one of the largest corporate frauds in history, as Jack, Zuck & the crew attempt to shut down competition & build their wall around the 'Metaverse'. cc: @FTC @SECGov
Feb 8, 2022 5 tweets 2 min read
Ken Boulding letter to Ludwig von Bertalanffy, 1953 on General Systems Theory: Image Von Bertalanffy on verbal models vs. naïve mathematical restriction leading to a model that "falsifies reality". Image
May 5, 2021 4 tweets 2 min read
Sadly I don't think the WSJ has dug this 'gem' up to shame her for her earlier views! wsj.com/articles/notab… Don't mention assumptions about causality.