Econ Circus

From June 2022 to Dec 2025, the asset side of the Fed’s balance sheet shrank by $2.3 trillion. That was the front door. But through the back door, something else was happening. | ⁦@mises⁩ mises.org/power-market/w…

@lymanstoneky @BradWilcoxIFS Of course! How can a wife even defend such a position? I want to be with you forever but I don’t want to give up daddy’s name?

@BradWilcoxIFS For a thread getting more into the weeds of this post, what the research entailed, and what we think it means, see here: x.com/lymanstoneky/s…

"Spouses who don’t share a surname divorce at about a 50% higher rate than those who do share a surname, and their divorces come about 30% earlier in their marriages." Striking new divorce research from @lymanstoneky reinforces my earlier research on marital quality & naming:

@mises In less than two years, the RRP withdrawals injected around $100 to $200 billion+ a month into the financial system at its peak.

Since June 2022, the Fed was slashing its balance sheet by embarking on a QT narrative. The result? A net liquidity injection to the tune of $200 billion. And they called it “tightening.” | @EconCircus mises.org/power-market/w…

@Blacklisted33_3 $2.3T contraction + $2.5T injection =QT‽

Great article on the smoke and mirrors shenanigans of the fed.

@1CoastalJournal @mises I wish we could make this up but their own data confirms: they’re running out of gas. And I doubt the $40 billion a month of “don’t call it QE” is going to be enough.

@EconCircus @mises

From June 2022 to Dec 2025, the asset side of the Fed’s balance sheet shrank by $2.3 trillion. That was the front door. But through the back door, something else was happening. | ⁦@mises⁩ mises.org/power-market/w…

@Chesschick01 @elonmusk You always say people are currency? Was that the phrase? I agree!

@elonmusk Exactly. I would add knowledge to the list. Having children as well in the sense that leaving a future behind is worth more than gold.

What is true currency?

@lordofmanytacos I’d say so… Something has to give…

@EconCircus This feels unsustainable

Tax Day reminder: taxes were never just the “price we pay for civilization.” @RyanMcMaken shows how foreign wars helped rulers normalize permanent taxation and build the modern state.

"The metamorphosis of taxes into weapons of destruction is the mark of present-day public finance." - Ludwig von Mises

Nearly one in five US tax dollars now go to paying interest on the federal debt. Debt and spending are set to surge even more as war costs mount and interest rates rise. | @ryanmcmaken mises.org/mises-wire/fed…

Milei has a moral duty to fulfil his promise of liquidating the central bank. | @ManuGarGojMX mises.org/power-market/m…

Tenth person linked to top-secret U.S. nuclear research has disappeared without a trace, per Daily Mail.

How does one act counterculturally and rebel against dependency? How do young people learn to act wisely without examples? Knowing how to see through inflation culture is a necessary skill for a freer and more peaceful tomorrow. | @DrJeffDegner mises.org/misesian/cause…

Imagine two economies with no government. One has bare-handed workers. The other has factories, forklifts, and oil rigs. Both have zero net financial assets—same accounting. Wildly different wealth. @BobMurphyEcon dismantles MMT's favorite trick. #HAPod

@ps_ilove_me @grok Is this two different studies in different decades we have here ‽

🚨In 1990s, Stanford researcher Dr. Robert Sapolsky discovered something that should have broken the internet by now. He was studying dopamine pathways in primates and found that the brain doesn't just adapt to repeated stimulation. It actively fights back. When you flood dopamine receptors consistently, the brain deploys what neuroscientists call "opponent processes." For every artificial high you create, your nervous system generates an equal and opposite neurochemical low. Not eventually. Immediately. The system is designed to maintain balance, so it starts producing compounds that directly counteract dopamine while you're still experiencing the dopamine hit. This means every notification, every scroll, every digital reward doesn't just give you a high followed by a return to baseline. It gives you a high followed by a crash below baseline. You end up in neurochemical debt. Tech companies never publicized this research. They probably never read it. They were too busy discovering that variable ratio reinforcement schedules could keep users engaged for hours. They built addictive systems by accident, then refined them into addiction machines once they realized what they'd stumbled onto. Your phone delivers an average of 80 dopamine hits per day. Your ancestors got maybe 5. Each hit triggers opponent processes that create a corresponding low. By the end of a typical day of normal phone usage, your baseline dopamine is running in negative territory. You feel flat, restless, vaguely unsatisfied, and hungry for stimulation because your brain chemistry is literally below zero. You think you're bored. You're chemically depressed by artificial highs. The opponent process theory explains why nothing feels interesting anymore. Your brain isn't broken. It's precisely calibrated to maintain neurochemical balance, and you keep throwing that balance off with artificial intensity. Every Instagram hit requires an equal Instagram crash. Every TikTok high gets paid for with a TikTok low. Every notification rush gets balanced with notification emptiness. Your reward system is running a neurochemical deficit that grows larger every day. Sapolsky's research revealed something even more disturbing: opponent processes don't just create temporary lows. They become permanent changes to your baseline dopamine production. Chronic overstimulation doesn't just make you tolerant to digital rewards. It makes you insensitive to natural rewards. The sunset that would have captivated your great-grandfather becomes invisible to you not because sunsets got worse, but because your dopamine system needs intensity levels that sunsets can't provide. A good conversation becomes boring not because conversations got less interesting, but because your brain requires the rapid-fire stimulation of social media to register engagement. You've accidentally trained your reward system to ignore everything that isn't artificially amplified. This connects to research from Dr. Anna Lembke at Stanford, who found that people who undergo complete digital fasting for just 30 days show measurable increases in dopamine receptor density. Their brains literally regrow sensitivity to natural rewards. Food tastes better. Music sounds more complex. Social interactions become genuinely engaging again. But there's a catch that nobody talks about: the first two weeks of dopamine detox feel like clinical depression. Your brain has been chemically dependent on artificial stimulation for years. Removing that stimulation creates actual withdrawal symptoms. Restlessness, anxiety, inability to focus, emotional flatness, and desperate cravings for digital input. Most people interpret these symptoms as evidence that they need their phones. Actually, they're evidence that they've been neurochemically dependent on their phones without realizing it. The withdrawal period isn't a bug. It's proof the reset is working. What happens after week three is remarkable. Colors become more vivid. Conversations become genuinely absorbing. Simple pleasures like hot coffee or cool air become satisfying in ways you forgot were possible. Your brain rediscovers that reality contains enough complexity and beauty to hold your attention without artificial amplification. You don't need more interesting content. You need more sensitive reward systems. The solution isn't better apps or more engaging entertainment. The solution is restoring your brain's factory settings for what constitutes a worthwhile experience. Sapolsky's opponent process research suggests this can happen faster than anyone expected. Every day you don't artificially spike your dopamine, your baseline moves a little higher. Every natural reward you pay attention to rebuilds receptor density. Every moment of boredom you endure without reaching for stimulation strengthens your capacity for sustained focus. Ancient humans lived in a world that provided exactly the right amount of stimulation to keep their reward systems healthy. Enough challenge to stay engaged, enough calm to stay balanced, enough novelty to stay curious, enough routine to stay stable. We built a world that provides 10 times too much stimulation and wonder why nothing feels rewarding anymore. Your brain is not the problem. Your environment is the problem. Change the environment, and the brain heals itself automatically.

🚨FED NEWS: QE NEW HIGH IN 26 $6.69 Trillion💵 🖨️ •Fed QE Now 📈 $170 Billion in 4 months •Fed Balance Sheet approaching $7 trillion again Link: open.substack.com/pub/coastaljou…

Hi @Grok, is Israel spraying chemical agents over green areas in Lebanon and Syria to eradicate plant life? Be concise.