gold's stock-to-flow premise growing more pathetic by the day

Nobel prize-winning physicist Niels Bohr loved poetry, literature, and philosophy because they emphasized individual, subjective experience—which would prove crucial to his work on quantum theory: "'When it comes to atoms,' Bohr wrote, 'language can be used only as in poetry. The poet, too, is not nearly so concerned with describing facts as with creating images and establishing mental connection.' This remark links the poet and the physicist as imaginative beings. Bohr's education is no doubt behind the fact that he links his own work to the poet's work. The physicist loved poetry, especially the poems of Goethe, and he strongly identified himself with the great German artist and intellectual. Bohr continually quoted literary artists he admired. He read Dickens passionately and liked to conjure vivid pictures for entities in physics—electrons as billiard balls or atoms as plum puddings with jumping raisins—a proclivity that no doubt lies behind his idea that images serve physics as well as poetry. I find that images are extremely helpful for understanding ideas, and for many people a plum pudding with animated raisins is more vivid than images of tapes of code or hardware and software. It is not surprising either that Bohr felt a kinship with his fellow Dane Søren Kierkegaard, a philosopher who was highly critical of every totalizing intellectual system and of science itself when it purported to explain everything. For Kierkegaard, objectivity as an end in itself was wrongheaded, because it left out the single individual and subjective experience." —Siri Hustvedt, from 'A Woman Looking at Men Looking at (2016)

pv fam 🤙 wishing i was in nostrica catching purple waves and violet sunrises with fellow nostronauts 💜

"They eat most of their food at meals shared with other people. They eat small portions and don’t come back for seconds. And they spend considerably more time eating than we do. Taken together, these habits contribute to a food culture in which the French consume fewer calories than we do, yet manage to enjoy them far more." —Michael Pollen

"From a depositor perspective, banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them."

Lyn Alden

March 2023 Newsletter: A Look at Bank Solvency

March 13, 2023 Latest Article: How the Fed “Went Broke” (an analysis of the Fed’s switchover from operating at a profit to operating at a lo...

"Rosenberg and Birdzell (1986) place institutional change at the center of events. They point out that for technological change to be effective and sustainable, the authorities must relinquish their direct control over the innovative process and decentralize it." —Joel Mokyr, The Lever of Riches (1990)

people asking if anyone has a good library and me eventually realizing that i'm in a conversation with developers and this is not the time to mention my book collection

"The computer can be used as a tool to liberate and protect people, rather than to control them." —Hal Finney, 17 years before receiving the first bitcoin transaction in history

when janet yellen said in 2017 that she didn't think we'd see another financial crisis again in our lifetimes maybe she was using the royal 'we' and just thought she'd be dead by now

Breaking:

the masculine urge to watch The Big Short again

if you want my sats you're gonna have to pay a lot more than whatever the current market rate is this is an evergreen policy

when you read a lot and you travel a lot you eventually start to see less of a distinction between the two

"I would encourage folks who are interested in the historical context to go read the book 'When Money Dies' by Adam Fergusson. He's a British historian who wrote that book in the 1970's about hyperinflations in Germany and Hungary. What you learn as you read that book is that the amplitude of the crises increases and the frequency of the crises increases as the money is dying." —Caitlin Long

for the Nunu people in Zaire, the word for poor person is the same as the word for a person alone

great job with the #[0] live stream, loving the conference so far 🤙💜

speakeasies but for banned and original/unedited book editions the used paper book market is the original decentralized, peer-to-peer, cash final, physical proof-of-work value transfer system with a hard-capped supply

pv fam 🤙 hope everyone at nostrica has a blast, i'll be tuning in to as much of the stream as I can 🌊🌐🌊

people never describe men as 'firecrackers', only women why is this?