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Undisciplined
undisciplined@stacker.news
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Convex combination of Ron Swanson and Britta Perry Cohost of The Stacker Sports Podcast
The Statist Peril of Techno-Asset Inflation https://mises.org/mises-wire/statist-peril-techno-asset-inflation By Brendan Brown > From the sixteenth century to today, techno-asset inflation is found where monetary inflation and technological revolution interact to produce virulent asset inflation. > The positive supply shock emanating from the technological revolution bears down on goods and services prices. This expands the scope for monetary inflation by impeding an intensification of its symptoms in goods and services markets. I recall making a similar comment to @SimpleStacker about this recently. Especially in a world of inflation targets, technological advances pushing prices down in one sector must be offset by higher than normal inflation, in order to keep average prices steady or increasing.
The Flock Camera Backlash Is a Very Good Sign https://mises.org/mises-wire/flock-camera-backlash-very-good-sign By Connor O’Keeffe > The backlash against automated license plate readers is not really about traffic cameras. It is about a public that no longer assumes the people in charge are acting in good faith.
MMT: A Political Movement without Serious Defenders https://mises.org/mises-wire/mmt-political-movement-without-serious-defenders By Per Bylund > Modern monetary theory is an idea and an inchoate theory that lacks serious defenders. FWIW, not once have I encountered an economist irl who buys into or promotes MMT ideas.
Hip-Hopping to Regime Change? USAID Efforts in Cuba | The Libertarian Institute By Patrick Pillow > With Cuba seemingly becoming the next focus for the Trump administration, it is worth looking into previous efforts by the United States Agency for International Development (USAID) in the country. Today, we turn toward the agency’s connection with Cuban hip-hop. > [In 2008,](https://us.list-manage.com/8IjaHRBgMR0?e=4d47a68367&c2id=463bd5c50167a1cae0da73e9eb4f7b0a) USAID launched the Cuban Civil Society Support Program, an initiative focused on supporting independent organizations and building communication networks on the island. Implemented by Creative Associates International, the four-year program ran until 2012. While presented as a democracy promotion initiative, internal documents revealed efforts to support artists and organizations viewed as potential challenges to the Cuban government. > Through the social media network[ TalentoCubano.net,](https://us.list-manage.com/13CvwRQnu81?e=4d47a68367&c2id=463bd5c50167a1cae0da73e9eb4f7b0a) Cuban musicians were promoted to the public. Publicly, the website presented itself as a platform to showcase Cuban musicians, featuring artist profiles, news, events, and online radio. With[ over two hundred artists](https://us.list-manage.com/Erqsd1Euf6y?e=4d47a68367&c2id=463bd5c50167a1cae0da73e9eb4f7b0a) on the platform, contractors hoped to connect young Cubans[ into a](https://us.list-manage.com/KlTRWVc8heH?e=4d47a68367&c2id=463bd5c50167a1cae0da73e9eb4f7b0a) “social movement.”
The Pretexts and Motives Behind Government Regulation https://mises.org/mises-wire/pretexts-and-motives-behind-government-regulation By Hal Snarr > Murray Rothbard wrote many years ago that government regulation, ostensibly created to protect consumers, actually protects incumbent producers from competition. Decades later, nothing has changed.
Inflationary Expectations and Increases in Prices – Any Relationship? https://mises.org/mises-wire/inflationary-expectations-and-increases-prices-any-relationship By Frank Shostak > Mainstream economists believe that central banks can “control” inflation, which they believe actually boosts the economy. The only thing inflation boosts is more inflation.
How the First World War Destroyed the Gold Standard https://mises.org/mises-wire/how-first-world-war-destroyed-gold-standard By Ryan McMaken > The ordinary people of Europe, so devastated by the shells of the First World War, would again be victimized by the new inflationary national currencies that would destroy savings and investment across the European middle class.
The Alchemy of Wealth Taxation https://mises.org/mises-wire/alchemy-wealth-taxation By Robert Blumen > California’s proposed billionaire wealth tax is being sold to voters as a way to replenish the state’s tax coffers with billions of new dollars. What it actually will do is to end the vital capital investment that has driven California’s economy for decades.
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Undisciplined 2 weeks ago
Why Don’t We Keep Buying? (And Buying) https://mises.org/mises-wire/why-dont-we-keep-buying-and-buying By Soham Patil > In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today. I was just wondering if marginal utility would have been much easier to figure out today because people trying to program economic agents would have had to think through decision making so carefully.
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Undisciplined 2 weeks ago
Our Politics Incentivizes 'Forever Wars' | The Libertarian Institute By Patrick Pillow > Among the commentariat, America’s problem with “forever wars” is usually discussed as a failure of grand strategy. In this telling, presidents misjudge threats; generals overestimate what military power can accomplish; and policymakers confuse battlefield victories with political success. These explanations are all valid, but they miss something fundamental: the people making decisions about war face incentives that are often badly misaligned with the interests of the public. > The United States does not need to assume that its presidents are uniquely reckless, its generals uniquely ambitious, or its diplomats uniquely foolish. It needs to recognize that even intelligent, well-intentioned people can make systematically bad decisions when the institutional incentives surrounding them are wrong. > Consider the politician’s dilemma. No president wants to be remembered as the person who “lost” Vietnam, Iraq, Afghanistan, or some future client state. Continuing a failing war therefore has an asymmetric political advantage. If the war eventually succeeds, the president can claim credit. If it fails, responsibility can be distributed among predecessors, allies, Congress, insufficient resources, or changing circumstances. Withdrawal is different. If the government collapses afterward, the president who ordered the withdrawal can be blamed personally.
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Undisciplined 2 weeks ago
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Undisciplined 2 weeks ago
There’s a really interesting tension between two of the things you mentioned wrt the ColdCard situation. 1. The chain is public and people are tracking the stolen bitcoin. 2. Bitcoin is ideally an uncensorable bearer asset. From 1, we want the thief to be caught and the victims to be made whole. From 2, we want the thief to be able to get away with it. https://fountain.fm/episode/f84J3wXJcUKUbVk8B5y2 View quoted note →
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Undisciplined 2 weeks ago
Ansar Allah Claims Large Attack on Saudi Targets in Yemen By [Kyle Anzalone]( "Posts by Kyle Anzalone") > Yemen’s ruling Ansar Allah said it conducted a large-scale attack on several military sites in Saudi Arabia.  > “Our armed forces have detected large-scale Saudi military mobilizations in their final stages, aimed at escalating against the liberated provinces and the Yemeni people to deter them from their stance on ending the unjust siege,” Ansar Allah military spokesman Yahya Saree [said on Thursday](https://us.list-manage.com/BKHCoTtZ2CF?e=4d47a68367&c2id=463bd5c50167a1cae0da73e9eb4f7b0a).  > Our armed forces have carried out a broad and qualitative military operation targeting the Saudi enemy’s mobilizations…using a large number of ballistic missiles and drones,” Saree explained. He went on to claim the strikes resulted in the “killing and wounding of hundreds of the Saudi enemy’s mercenaries.”
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Undisciplined 2 weeks ago
The Peopling Of the Americas — Beringia and the Discovery of the New World > How did humans reach the New World? For years, the ancestors of Native Americans were thought to have arrived near the end of the last ice age, 13,000 years ago. New archaeological finds have now pushed back the age of arrival beyond 15,000 years ago, 20,000 years ago... perhaps even earlier. This is the amazing story of the last great migration of Homo sapiens— the discovery of the New World. This is quickly becoming one of my favorite channels.
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Undisciplined 3 weeks ago
Zimbabwe Has No Long Money https://mises.org/mises-wire/zimbabwe-has-no-long-money By Jabulani Chibaya > More than a decade ago, Zimbabwe became synonymous with hyperinflation. While that era has mercifully passed, the nation’s central bank still is following inflationary policies.