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Be on your guard; stand firm in the faith; be courageous; be strong. Do everything in love.
1st Corinthians 16:13-14
“The scarcity of time is the starting point for all economic choices. The scarcity of time forces man to choose between alternatives at all points in his life, and it means that every decision has an opportunity cost.”
Principles Of Economics by @Saifedean Ammous
Recently I’ve noticed something….why does anything someone wants to emphasize start with “super” this or “super” that?
“The capitalist entrepreneur is the most important actor in the economic system, as he stakes his own property on his ability to anticipate changes correctly. He is the force that affects change and creates economic reality.”
Principles Of Economics by @Saifedean Ammous
“The capitalist entrepreneur is the most important actor in the economic system, as he stakes his own property on his ability to anticipate changes correctly.”
Principles Of Economics by @Saifedean Ammous
“In his analysis of socialism in 1922, when most economists were taken by this popular new idea sweeping the globe, Mises correctly identified the Achilles heel of socialist economic systems as the inability to perform calculations to allocate capital goods without considering the private property rights associated with them. There is no rational means of ascertaining how to allocate resources without property, prices, and a market for entrepreneurs and consumers to conduct economic calculation.”
Principles Of Economics by @Saifedean Ammous
What do you understand “the mark of the beast” to be?
#WWJD
#Forerunner777
#TheForerunner777
“Misguided climate science has metastasized into massive shock-journalistic pseudoscience.”
-Dr. John F. Clauser, winner of the 2022 Nobel Prize in Physics.
John Clauser's Nobel Prize and Climate Perspectives
“Rather than produce for himself the goods he needs, a participant in the market economy specializes in providing the goods he produces best for other people and relies on other people for procuring the goods he himself needs. Profoundly, the capitalist market system makes people specialize in what they do best and focus on how to provide value for others, rather than focusing on what they value. People choose to serve others in a capitalist system because it is far more productive and efficient than working for yourself alone in isolation from the division of labor.”
Principles Of Economics y @Saifedean Ammous
“No matter how attractive the spoils of coercion may be, they will always pale in comparison to the rewards possible from cooperation. Man’s animal instinct elicits fear of the other, but man’s reason can also identify the benefits of cooperation, in effect creating a civilized society.”
Principles Of Economics by @Saifedean Ammous
“Women are far more likely to be able to support themselves independently in an industrial and informational economy than in a primitive economy. It is no coincidence that female liberation has come about with industrialization. The richest and most industrialized societies are the ones with the highest achieving and most independent women, while the preindustrial societies continue to witness widespread female repression.”
Principles Of Economics by @Saifedean Ammous
“Economics, as a field, is the study of human choices under scarcity. It focuses on analyzing how humans attempt to find solutions to the problem of disparity between what they have and what they want and the consequences of their choices.”
Principles Of Economics by @Saifedean Ammous
“Technological innovation is born from the desire to achieve ends and secure profits by serving others.”
Principles Of Economics by @Saifedean Ammous
“Capital accumulation not only requires the sacrifice of the present for the future, but it also requires the sacrifice of the certain for the uncertain. The capitalist is constantly speculating that her investment will yield a positive return in the future, but she could always be wrong. In order to become a capitalist, one needs to first produce something of value for which others can pay him. He then needs to abstain from using that payment to satisfy his own needs, and instead deploy it into a business whose goal is to serve others, by producing outputs, which they subjectively value higher than the market price of the inputs into the production process. At any point in time, failure to provide customers with this value will result in a collapse in revenue and profitability, inevitably leading to bankruptcy and the loss of capital. The causes of such failure are endless: laziness, disinterest, bad luck, better competitors, but the outcome is always the same: the loss of capital. These are the reasons why capital ownership is so valuable and productive and why workers continue to choose to work for capital owners.”
Principles Of Economics by @Saifedean Ammous