Gm nostriches, rolling into a dark Thursday, with a night’s sleep that I would care to forget… 🥱 #coffeechain one completed, second cup already underway and it’s just turned 6. The Keynes book I can’t put down is on fire, the maths on saving and investment made zero sense (which strangely makes sense), but the solution he found in his finite wisdom “the fact that this might involve budget deficits was not important” The logic behind the connection between Keynesian economics and Keynesian politicians suddenly comes into crisp focus. #generaltheory

The gaslighting is strong with this media outlet!!!!!! #bbcbias government funded propaganda!!! It’s the lowest in months, but still basically twice the “target”. Still having the value of your join less than 18 years.

Feeling as if I’m part of the gang.

Are we close or is this just the Franz Ferdinand moment?

A bit bored in the fiat mine yesterday, had an idea for the next paper over the weekend on “why the hell did Keynes become quite so popular?”, the idea of opening up “a general theory” felt a little too much like “self harm”, so ended up carrying on with a “how do we learn about bitcoin?” paper. Searching papers, thinking about some theories, and then, as if out of nowhere, a theory lands on my lap, one I’ve hardly thought of for nearly 10 years, one a friend wrote about maybe 16 years ago, and not gonna lie, even for an academic piece, could be a bit of a banger. Gm freaks, #coffeechajn ready and able, reporting for duty!!!

Absolutely love the back and to between @ODELL and @DETERMINISTIC OPTIMISM 🌞 . Very happy coldcard customer here, so many features I need to get into, but at the same time reminder myself to; Stay humble and not lock myself out!!!!!

Fountain

Citadel Dispatch • CD183: NVK - COINKITE AND COLDCARD • Listen on Fountain

NVK is CoFounder of Coinkite, the makers of Coldcard. Coldcards are designed to help users securely use bitcoin offline. We discuss the variety of ...

Gm nostriches, even in the house the darkness from outside encroaches……. Not far off the daughter and I leaving for school in the dark! #coffeechain being my beacon of light to guide me!!!

So, Keynes’s general theory of employment was described as revolutionary and massively impactful, but as I learn more, I keep thinking what a short, critical discussion may unearth……. Nostr reads; the perfect outlet for work I’m interested in, but likely no one will read it. Hmmmm, could I go super irony and ask @Stackchain ⛓ Magazine if they’ll be interested…..

When instructed in the truths of economic theory “will realise that a policy which holds wage rates rigid when the equilibrium rate has altered, is a policy which creates unemployment” Professor Lord Lionel Robbins (the Great Depression, 1935). And the call is consistently to “increase the minimum wage” But when the current crop of politicians is based around the thinking of Keynes, solid and robust financial logic may go out of the window…… and so onto The General Theory, “there seems to be no record of how he made one of history’s major intellectual discoveries”………. Were there some puppeteers behind the scenes?!?!

Oh my, in 1929, UK unemployment when from 10% to 21% in 1931. Today unemployment is “around 5%” but strangely and spookily, the proportion of “inactive adults” is also 21%!!!!!! If the 1929 situation led us into a decade of slump, imagine from nearly 20 years of limping along, followed by the upcoming budget will do. Hold on tight freaks. This budget likely “made things much worse”

Gm nostriches, Thursday rolling around with increasing velocity, scary we’ll be into December in no time. #dadstr locked in to visit at Christmas, request submitted for him to sort the caviar, I’m sorting the wine, so at least him and I will be sorted for festivities!!!! All the non drinkers and the Debbie downers can sort out their own refreshments.

Gm nostriches, prepping taxes for spending Bitcoin is annoying, and thievery for doing well, HOWEVER, being having to go back to early purchase, you can really get an idea of how far we’ve come front, how little what you’re spending now cost you “back in the day!!!!! A little while back I bought ice cream for myself and my two daughters, 11k sats, they cost me 80p in 2020, or getting some shit hot @Leathermint products for £80!!!! With this, I’m going to stop caring about the capital gains and not think of it as a tax paid to government, but the price I’m willing to pay for getting sats in the hands of people I want to pay!!! Also, moving forward and depending who I pay, can just do non kyc sats and just keep it person to person and “off the books”, so long as there are some figures in my tax return, there won’t be as much risk of them coming to calll.