I think most people concerned with monetary inflation don't realize how little most people care about monetary inflation. What they care about is consumer price inflation (the cost of butter, gasoline, meat) and asset price inflation (the cost of housing, mostly, as people need homes to live in). Consumer price inflation and asset price inflation can be accelerated by monetary price inflation, but the normies are right to associate the sudden, disturbing jumps and falls in prices to supply/demand shocks, and _not_ to overall monetary inflation. That is why central banks fiddling with interest rates has no effect on the price of gasoline at the station; that price is taxes, fees, fracking licenses, and supply interruptions, not the national debt or the interest on 10-year bunds. View quoted note →

Wow. That lightning 🌩️ struck so loud and bright that it was like it landed right in the middle of our living room. 👀

I am, once again, the only one in the house supporting France 🇫🇷.

You can't even imagine the constant shit people with special needs have to deal with all day, every damn day, until you live with one. Constant, inexplicable mistreatment.

I can only stay calm about Bitcoin turning into more crypto crap, with all of the spam getting stored on it, because I own other assets.

This interview with Philip Trammel is in English, starting at around 42 minutes. Here is his original article (with audio file), together with Dwarkesh Patel.

Capital in the 22nd Century

Piketty was wrong about the past. He’s probably right about the future.

View quoted note →

Spotify

KI: Die Ungleichheitsmaschine

bto – der Ökonomie-Podcast von Dr. Daniel Stelter · Episode

KI: Die Ungleichheits­maschine – Think beyond the obvious

Wochenendrebellen - hier anschauen

Spielfilm Deutschland 2023 Der Restaurant-Qualitätsmanager Mirco (Florian David Fitz) und seine Frau Fatime (Aylin Tezel) erziehen ihren Sohn J...

Habe diesen Film ❤ . #Film #Autismus

> Wenn du wissen willst, was du am Tag erreicht hast, verschenke keine Zeit – außer du schenkst sie jemand anderem. > -- eine weise Frau R.I.P. ✝️

#Ireland #Brits #Russia

When you get home from a long party and you want to go to bed because you've been dancing and singing for 6 hours and are hoarse and exhausted, but you check the score and it's 🇳🇴1:1🏴󠁧󠁢󠁥󠁮󠁧󠁿. No sleep for you, ma'am.

If you can easily convert it into and out of Bitcoin or gold, then it's (still) money. It's possible that I'll eventually have to drop "or gold", but gold still counts.

My nostr is full of real girls. 🤭