I thank you, good people: there shall be no money; all shall eat and drink on my score; and I will apparel them all in one livery, that they may agree like brothers and worship me their lord. Jack Cade Shakespeare, Henry VI, Part 2, Act 4, Scene 2

Cold days remind me of Milton's thermostat. cc primal.net/p/npub1kzmdeangdt405fdas6eu0tqf0yvt72t675c04zllndr3ts4zsppq26wsk3

Tyler Cowen: Trump's DOGE team should read Shakespeare Recommended

Tyler Cowen: Trump's DOGE team should read Shakespeare.

And forty other questions about Shakespeare and literature.

Nearly all the Chinese Communist Party’s weapons in 1948 were of American origin. The rifles and artillery were initially supplied to KMT forces by the United States, but hyperinflation and panic forced Nationalist troops, paid in increasingly worthless paper currency, to trade away their guns for food. View quoted note →

Johnson, P. (1992). Modern times: the world from the twenties to the nineties. Rev. ed.

Durant, The Age of Faith, 1950

[[Doomberg]] on oil markets, etc. Recommended.

Thrift isn’t a virtue when currency can be debased.

GM

w/r/t @Stephan Livera's Power Law and Bitcoin's Growth with Giovanni Santostasi (SLP624) - power laws accurately describe #bitcoin - useful prediction tool for long-term USD price support level - lacks actual explanatory power (in the way Deutsch defines in Fabric of Reality) - #TODO read Econ. Science & Austrian Method [Hoppe]

POSIWID (“the purpose of a system is what it does”): If a system constantly fails to achieve its stated purpose, then its purpose is an unstated one, no matter how often politicians or business leaders insist otherwise. === Joe Kernen interviews Commonwealth Fusion Systems CEO Bob Mumgaard on commercial fusion power.

CNBC

Powering up Virginia: World's first grid-scale commercial fusion power plant

Bob Mumgaard, Commonwealth Fusion Systems CEO and Virginia Governor Glenn Youngkin join 'Squawk Box' to discuss a multi-billion dollar investment f...

“So it’s ready.” === Doomberg is skeptical: “The problems it purports to solve are the manufactured product of Malthusian environmentalists.” If fusion solves problems that don’t exist, why the attention?

Fit For Purpose

Thoughts on the latest fusion excitement.

(Recommended)

In 301, Diocletian issued an edict to cap prices and end the “abominable profits of thieves” that had restricted goods from reaching the market. The policy failed swiftly and completely. Taxes soared to unprecedented levels to fund the edict’s enforcement. (The state had yet to adopt public borrowing to mask wastefulness and delay the consequences of failed policies.) High tax burdens led many villages to be abandoned, prompting the emperor to impose serfdom in agriculture, factories, and guilds. [[[[The Story of Civilization]]/Caesar and Christ]] (642)

White elephant gift locked and loaded.

Urban, T. (2023). What’s Our Problem?: A Self-Help Book for Societies.

3 minute plunge at 45°

Caesar And Christ (491)