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The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
- Joan Robinson
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J. K. Goldstein
2.3K posts
J. K. Goldstein
@_JGoldstein_
“An if we live, we live to tread on kings”
California, USA Katılım Nisan 2015
203 Takip Edilen64 Takipçiler
@anarchomorphist @LPMisesCaucus And continental breakfasts
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@LPMisesCaucus We should pay for oxygen and water?
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Good morning, scarcity is an unavoidable fact of physical reality, nothing physical can be provided for free, to claim otherwise is to deny reality and endorse slavery.
Nina Turner@ninaturner
Good morning, no one should have to pay for insulin. It should be free.
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@LPMisesCaucus Then how do you explain all the continental breakfasts I’ve gotten while on vacation?
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@GoodPoliticGuy I’d like to see them try to explain the continental breakfast.
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J. K. Goldstein retweetledi
"The constant scrolling tells us that nothing is worth remembering, nothing is worth reflection, nothing is worth production because the act of consumption is simpler. If you just keep scrolling, maybe that weird disjointed feeling will finally go away."
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@GRomePow @GeorgeGammon It’s not true at all, at least not in the way that the word is understood when used by almost everyone.
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"Inflation is always and everywhere a monetary phenomenon."
That is true, but what of an ever larger portion is spent servicing debt?
@GeorgeGammon
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Inflation is always and everywhere a monet… political phenomenon.
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@BevansAdvocate Tempted to open this one back up for a second reading.
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10) The Worldly Philosophers - Robert L. Heilbroner
Technically this book was written after 1950. It is however a great intro to some of the thinkers missed in this list such as Ricardo, Malthus, JS Mill. An amazing introduction to old economic thinkers.
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10 Econ Classics (pre 1950) that are Still Worth Reading Today
1) Wealth of Nations - Adam Smith
Smith turned 300 this year and his magnum opus remains wonderful. It's incredibly easy to read (despite some overly long chapters). An often misunderstood, deeply complex thinker.
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@DouglasKMurray @Nigel_Farage No. ‘Cultural Marxism’ is generally regarded as a made up term some conservatives love to use when they want to sound more intellectual.
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No. ‘Cultural Marxism’ is generally regarded as inexplicable only by people who’ve spent their lives espousing it. And then play dumb. Talking of which, why not produce some evidence for your libellous claims about @Nigel_Farage
Chris Bryant@RhonddaBryant
I see the Times interview with @miriam_cates says she refers repeatedly to ‘cultural Marxism’. I don’t know what she means by it, but it is generally regarded as an anti-Semitic conspiracy theory about the supposed undermining of Christian conservatism.
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@lisaabramowicz1 @kat_marianna Aren’t major economic downturns not the kind of events you see coming? They tend to occur when they are least expected.
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The Bloomberg ECO US Surprise Index has risen to the highest since February 2021. “These just aren’t the sorts of numbers you see in an economy careering toward a recession.” #xj4y7vzkg" target="_blank" rel="nofollow noopener">bloomberg.com/opinion/articl…
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Maybe “the government” has been co-opted by the rich to function as the scapegoat for the ruling class.
Darth Powell@VladTheInflator
All the government does is steal money from the unrepresented Middle Class so they can give it to the poor and lower the taxes of the rich. That's it.
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J. K. Goldstein retweetledi
Wealth inequality in 4 countries since 1900 (share of total wealth). The US is the only one that's unsurprising. From the forthcoming *Richer and More Equal* by Daniel Waldenström.
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@kcismek37 @T0MAS1957 @GunnelsWarren Turnover costs are a part of production costs. Reducing turnover reduces production costs.
I believe Seattle has shown that not theory, but practice proved a $15 min increased employment.
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@_JGoldstein_ @T0MAS1957 @GunnelsWarren That’s the theory but in the same sentence it also increases production costs. I don’t know where you live but there’s not a single job where I live offering below $12/hr(even that’s rare).
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Elon Musk Wealth
2012: $2 billion
2023: $234.3 billion
Mark Zuckerberg Wealth
2009: $2 billion
2023: $105 billion
Federal Minimum Wage
2009: $7.25
2023: $7.25
The cage match we should pay attention to is the one the billionaire class is waging against the working class.
BBC News (World)@BBCWorld
Elon Musk and Mark Zuckerberg agree to hold cage fight bbc.in/43SLXkE
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@GRomePow I think some pretty good arguments have been made that flat taxes are extremely regressive, taxes don’t actually pay for anything, and taxes do serve a useful function to incentivize behavior and distribute wealth more broadly across the economy.
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We pay enough taxes, the problem is how it's spent and WHO pays the most
Flat tax and smaller government solves this
The Problem With Jon Stewart@TheProblem
Why are countries with much higher tax burdens more satisfied than we are? Jon Stewart dives in. #repost #FYC #OutstandingTalkSeries
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J. K. Goldstein retweetledi
Corporate bureaucrats are probably worse than government bureaucrats, and we deal with the corporate-types far more frequently. Try calling customer service for any big company. The irony is that only government bureaucrats can control the corporate bureaucrats.
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@MrAndyNgo @GRomePow Can we get statistics of white on white crime during holiday weekends throughout the year?
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A dozen people were killed and more than a hundred others injured in black-on-black mass shootings across the U.S. at Juneteenth celebrations over the weekend. thepostmillennial.com/twelve-killed-…
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@seanilles @BenBurgis @djenebajalan Socio-political debate and cultural debate are vastly different than debates about science. It’s two different languages.
Technical knowledge and understanding is no match for confirmation bias and naive intuition.
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@BenBurgis @djenebajalan People seem to have entirely forgotten the tradition of the public intellectual. Chomsky had legendary debates. Gould was firing shots constantly. I don't know what's going on, culturally with the left right now, but it's hard to watch the aversion to discourse.
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@dieworkwear The irony is that his whole look is a Hollywood version of a mid century FBI agent.
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personally dislike him bc of his penchant for skinny ties and tiny shirt collars
Peter Daou@peterdaou
Looking objectively at the Dem field, @RobertKennedyJr is a MUCH better general election candidate than Biden. #RFKJr has high net favorables, independent and cross-party appeal, and would trounce any Republican. The establishment claim that Biden is more electable is absurd.
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