GhostOnTheHalfShell<p>Jun 6</p><p>8 min</p><p>Gaming out a society of psychopaths. The funny part about.. that I game out, is that no society of psychopaths who all understand that everyone is out to rule the world like they are would ever tolerate any level of wealth inequality. Such as society would tend to converge on constant warfare and destruction or tyranny and destruction…</p><p>If we were exactly like what conservatives say you would never tolerate billionaires </p><p><a href="https://www.youtube.com/watch?v=te2YdrRvrpg" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=te2YdrRvrp</span><span class="invisible">g</span></a> </p><p><a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://masto.ai/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://masto.ai/tags/essay" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>essay</span></a></p>
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#economics
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Austrian<p>(Pure) capitalism is an economic system with division of labor and private ownership (not only of the means of production, but) of all human property, including the means of production, consumer goods, and man himself and products of his labor. The logical and economic consequence of such a preposition is that capitalism is naturally beneficial not only for capitalists and entrepreneurs, but for everyone, for all the people in society. <br><a href="https://mastodon.social/tags/capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>capitalism</span></a> <a href="https://mastodon.social/tags/statism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>statism</span></a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mastodon.social/tags/science" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>science</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Hitler" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Hitler</span></a> had what one might call a diffident, occasionally felonious disregard for financial matters. He owed 400k reichsmarks in back taxes. His understanding of <a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> was primitive. “You have <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a> only if you want it,” he once said. “Inflation is a lack of discipline. I will see to it that prices remain stable. I have my S.A. for that.”(The S.A., or Brownshirts, were the original paramilitary org for w/the Nazi Party.)Hitler held Jews responsible for most of Germany’s financial woes.</p>
Austrian<p>Three major catastrophes are on the horizon: <br>1) World War III is very likely; <br>2) the collapse of government-owned fiat currencies is almost inevitable; <br>3) the collapse of the global climate system is inevitable.<br><a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://mastodon.social/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>inflation</span></a> <a href="https://mastodon.social/tags/fiatmoney" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fiatmoney</span></a> <a href="https://mastodon.social/tags/climate" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>climate</span></a></p>
Austrian<p>"Elon Musk—via his DOGE—exposing and attempting to cut government waste is wonderful. However, it’d be even better if Elon focused more on striking closer to the root of the problem: the public’s economic ignorance from which all the disastrous, coercive, competition-immune, monopolistic government central planning ... grows. This is precisely what Ludwig von Mises did, and I like to call it the Misesian formula for prosperity."<br><a href="https://mises.org/mises-wire/elons-doge-ok-mises-way-better" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">mises.org/mises-wire/elons-dog</span><span class="invisible">e-ok-mises-way-better</span></a><br><a href="https://mastodon.social/tags/mises" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mises</span></a> <a href="https://mastodon.social/tags/musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>musk</span></a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://mastodon.social/tags/doge" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>doge</span></a></p>
Daniel Hakimi<p>So, I've been hearing a lot about Tariffs. And I thought I'd reach out to some small and medium-sized brands that are already based in the US, and ask them what they think. Spoiler: not all of them are super excited. Enjoy: Tariffs and the American Clothing Business.</p><p><a href="https://thesecondbutton.com/tariffs/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">thesecondbutton.com/tariffs/</span><span class="invisible"></span></a></p><p><a href="https://mastodon.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tariffs</span></a> <a href="https://mastodon.social/tags/menswear" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>menswear</span></a> <a href="https://mastodon.social/tags/fashion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>fashion</span></a> <a href="https://mastodon.social/tags/business" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>business</span></a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mastodon.social/tags/trade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>trade</span></a> <a href="https://mastodon.social/tags/america" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>america</span></a></p>
unusual_whales<p>US 10 Year Treasury hit 4.5%!<br>US 30 year hit 5% overnight!!!!</p><p>Rates are much higher than last Wednesday's tariff declarations after the last two days.</p><p> <a href="https://masto.ai/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>news</span></a> <a href="https://masto.ai/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finance</span></a> <a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://masto.ai/tags/stocks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stocks</span></a> <a href="https://masto.ai/tags/options" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>options</span></a></p>
unusual_whales<p>BREAKING: S&amp;P500, $SPY, $SPX, is officially in a bear market, down 20% from its all time highs. </p><p>Oh, no.</p><p> <a href="https://masto.ai/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>news</span></a> <a href="https://masto.ai/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finance</span></a> <a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://masto.ai/tags/stocks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stocks</span></a> <a href="https://masto.ai/tags/options" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>options</span></a></p>
unusual_whales<p>Call your mom. Tell her you love her.</p><p> <a href="https://masto.ai/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>news</span></a> <a href="https://masto.ai/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>finance</span></a> <a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://masto.ai/tags/stocks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>stocks</span></a> <a href="https://masto.ai/tags/options" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>options</span></a></p>
David August<p>Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦♂️ </p><p><a href="https://mastodon.online/tags/USpol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USpol</span></a> <a href="https://mastodon.online/tags/tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tariffs</span></a> <a href="https://mastodon.online/tags/TrumpTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TrumpTariffs</span></a> <a href="https://mastodon.online/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a> <a href="https://mastodon.online/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a></p>
GhostOnTheHalfShell<p>april 5</p><p>5 min</p><p>Wealth and merit. What a wonderful world.</p><p><a href="https://www.youtube.com/watch?v=x8d-QcKe4cE" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/watch?v=x8d-QcKe4c</span><span class="invisible">E</span></a></p><p><a href="https://masto.ai/tags/politics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>politics</span></a> <a href="https://masto.ai/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a></p>
Zhi Zhu 🕸️<p>Trump Is About to Hide DOGE’s True Costs From the Entire Country</p><p>Trump’s commerce secretary is preparing to mess with the country’s economic statistics.<br><a href="https://newrepublic.com/post/192216/trump-lutnick-economic-statistics-gdp-doge" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">newrepublic.com/post/192216/tr</span><span class="invisible">ump-lutnick-economic-statistics-gdp-doge</span></a></p><p>"The <a href="https://newsie.social/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> administration might exclude <a href="https://newsie.social/tags/government" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>government</span></a> spending from gross domestic product reports to cover up upcoming poor <a href="https://newsie.social/tags/economic" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economic</span></a> reports, and to hide the true scope of <a href="https://newsie.social/tags/DOGE" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DOGE</span></a> cuts.... [which] could have a negative impact on the <a href="https://newsie.social/tags/economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economy</span></a>."</p><p><a href="https://newsie.social/tags/Musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Musk</span></a> <a href="https://newsie.social/tags/Coup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coup</span></a> <a href="https://newsie.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economics</span></a> <a href="https://newsie.social/tags/GDP" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GDP</span></a> <a href="https://newsie.social/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <a href="https://newsie.social/tags/GOP" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GOP</span></a> <a href="https://newsie.social/tags/Corruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Corruption</span></a> <a href="https://newsie.social/tags/USPol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USPol</span></a> <a href="https://newsie.social/tags/News" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>News</span></a> <a href="https://newsie.social/tags/US" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>US</span></a></p>
Zhi Zhu 🕸️<p>US may exclude govt spending from GDP, obscuring effect of Doge cuts</p><p>Howard Lutnick’s remarks echo <a href="https://newsie.social/tags/ElonMusk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ElonMusk</span></a>... [lies]<br><a href="https://www.theguardian.com/us-news/2025/mar/03/trump-government-spending-gdp-doge" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/us-news/2025/m</span><span class="invisible">ar/03/trump-government-spending-gdp-doge</span></a></p><p>"spending cuts pushed by... Elon Musk’s so-called “dept of govt efficiency” ( <a href="https://newsie.social/tags/Doge" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Doge</span></a>) could possibly cause an economic downturn...</p><p>Govt spending is traditionally included in the <a href="https://newsie.social/tags/GDP" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GDP</span></a> because changes in <a href="https://newsie.social/tags/taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxes</span></a>, spending, deficits & regulations by the <a href="https://newsie.social/tags/government" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>government</span></a> can affect the path of overall growth."</p><p><a href="https://newsie.social/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a> <a href="https://newsie.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economics</span></a> <a href="https://newsie.social/tags/Musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Musk</span></a> <a href="https://newsie.social/tags/Doge" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Doge</span></a> <a href="https://newsie.social/tags/Coup" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Coup</span></a> <a href="https://newsie.social/tags/USPol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USPol</span></a> <a href="https://newsie.social/tags/News" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>News</span></a></p>
Kyle Montanio<p>Found an interesting graph with absolutely no relation to current events on Wikipedia.</p><p><a href="https://en.wikipedia.org/wiki/File:Life_expectancy_vs_healthcare_spending.jpg" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="ellipsis">en.wikipedia.org/wiki/File:Lif</span><span class="invisible">e_expectancy_vs_healthcare_spending.jpg</span></a></p><p>I forget who I learned this from, but it's pretty useful to add Reagan's face right around 1981 to help understand changes in US over time.</p><p><a href="https://geekdom.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://geekdom.social/tags/HealthCare" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HealthCare</span></a></p>
ˈdälfən™🐬 💥 🌊<p>Unfortunately, it takes time to heal an economy struck with a once-a-century pandemic.</p><p>Although everything looked pretty good to economists (and to me, just glancing at those charts), people felt the economy was not working for them.</p><p>/6 of 7 🧵<br><a href="https://mstdn.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mstdn.social/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a></p>
ˈdälfən™🐬 💥 🌊<p>But eek— At ~5% savings rate, Americans should be saving more (imho), but it is difficult to do so when prices are high. Unfortunately, people are also racking up credit card (CC) debt.</p><p>Fed rate cuts (meant to stimulate economic growth) could help Americans bring down CC debt if they can negotiate lower interest rates with lenders.</p><p>/5 of 7🧵<br><a href="https://mstdn.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mstdn.social/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a> <a href="https://mstdn.social/tags/MyTwoCents" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MyTwoCents</span></a></p>
ˈdälfən™🐬 💥 🌊<p>Chart 3– Savings</p><p>Americans are now saving less and spending more than they were during the pandemic.</p><p>But in fairness, they couldn’t spend as much during the pandemic because many things were shut down and people weren’t traveling as much. That was an odd circumstance— a blip in the chart. Also, Americans received pandemic-related stimulus checks. </p><p>Now note that the savings rate is back to about the 2017 baseline.</p><p>/4 of 7🧵<br><a href="https://mstdn.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mstdn.social/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a></p>
ˈdälfən™🐬 💥 🌊<p>The unfortunate irony is that to get inflation down, the Fed had to “cool” the economy by increasing interest rates (which it did many times in 2022 & 2023). Even at that, unemployment stayed surprisingly low. </p><p>The Fed began cutting rates in Sept. 2024. </p><p>/3 of 7🧵<br><a href="https://mstdn.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mstdn.social/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a></p><p>~ Federal Funds Rate History 1990 to 2024~</p><p><a href="https://www.forbes.com/advisor/investing/fed-funds-rate-history/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">forbes.com/advisor/investing/f</span><span class="invisible">ed-funds-rate-history/</span></a></p>
ˈdälfən™🐬 💥 🌊<p>Chart 2– Unemployment</p><p>Unemployment went up some from 2023-2024. At ~1.3 million last year, it increased ~19% to 1.6 million. But overall, it came WAY down since the pandemic, and it hasn’t met the 2017 baseline. In fact, the tip of the trend line (2024) seems to be going down slightly.</p><p>/2 of 7 🧵<br><a href="https://mstdn.social/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economics</span></a> <a href="https://mstdn.social/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a></p>
* What I see in three economic charts *
(thread)
Chart 1– Wage Growth vs. Inflation
Overall wage growth has outpaced inflation — that’s a good thing.
Note how the inflation trend line has come way down and is now at ~2%, where the Fed wants it to be (unfortunately, there will always be some inflation, but ideally wages should also increase).
Prices are still going up, but they are going up at an overall rate that is less than it was before.
/1 of 7 
#economics #USA
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