For a long time, gold bugs were referencing the above image. In the last decade, they were joined by crypto evangelists. The presented loss of purchasing power is a foundational narrative to recommend alternative stores of value. Despite being factually correct, it misses a boat in what really matters. It's a manipulation by omission.
In an economy, labor sells its skills for money, to trade them for all the things it needs and wants. The money is an abstraction. Goods and services we buy are not. Our well-being, and our standards of living, in a materialistic sense, depend not on how many dollars it takes to buy X, but on how many hours of labor it takes to buy X. Dollars are just an exchange medium.
Additionally, these images don't show the variety of goods and services created over time. We have improvements in medicine, computers, the internet, better housing, airplanes, the list goes on and on. The average folk can buy more today than in the past with fewer hours of labor. Most of these things didn't even exist back then.
That's the true measure of progress and standards of living. Don't be fooled! Don't confuse money and wealth.
#economics #AmericanDynamism
In an economy, labor sells its skills for money, to trade them for all the things it needs and wants. The money is an abstraction. Goods and services we buy are not. Our well-being, and our standards of living, in a materialistic sense, depend not on how many dollars it takes to buy X, but on how many hours of labor it takes to buy X. Dollars are just an exchange medium.
Additionally, these images don't show the variety of goods and services created over time. We have improvements in medicine, computers, the internet, better housing, airplanes, the list goes on and on. The average folk can buy more today than in the past with fewer hours of labor. Most of these things didn't even exist back then.
That's the true measure of progress and standards of living. Don't be fooled! Don't confuse money and wealth.
#economics #AmericanDynamism
On average, more than 100 undersea cables are cut or damaged each year.
#factoftheday
#factoftheday
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I frequently stress the importance of seen vs. unseen analysis. People routinely skip the latter and fall for the survivorship bias fallacy. To be fair, it is more challenging to obtain data on what is amiss.
When medical systems from various countries are compared, the one we have in the U.S. is frequently criticized. I'm not trying to dive into the deep rabbit hole of comparative analysis but to make a single point, demonstrating the importance of what is not seen.
Read the entire post for more nuances.
January 2025
When medical systems from various countries are compared, the one we have in the U.S. is frequently criticized. I'm not trying to dive into the deep rabbit hole of comparative analysis but to make a single point, demonstrating the importance of what is not seen.
Since 2018, Over 75,000 Canadians Died Waiting for Health Care
Read the entire post for more nuances.
January 2025
MishTalk
Since 2018, Over 75,000 Canadians Died Waiting for Health Care
If you think Canada has such a great nationalized health care system, you need to reconsider.
Believer: You can tell me all you want about Trump but hostages are coming out, not all but still, and for that я буду за него топить, no matter what. This piece was supplied in support.
Skeptic: The article you referenced has no mention of him. So this begs a question how exactly do you link him to hostage release?
Believer: Bro pls lol.
И вот так вот у них всё. Решил проконсультироваться с ИИ.
why do people associate hostage release from Hamas with Trump?
claude.ai:
why do people associate hostage release from Hamas with Trump?
Meta AI:
why do people associate hostage release from Hamas with Trump?
gemini.google.com:
#twotypesofpeople
Skeptic: The article you referenced has no mention of him. So this begs a question how exactly do you link him to hostage release?
Believer: Bro pls lol.
И вот так вот у них всё. Решил проконсультироваться с ИИ.
why do people associate hostage release from Hamas with Trump?
claude.ai:
The association likely stems from Trump's involvement in prior international hostage negotiations during his presidency, including cases with North Korea, Iran, and Turkey. However, Trump has not been involved in any Hamas hostage negotiations. The current hostage releases are being negotiated through Qatar, Egypt and other international mediators.
These claims appear to conflate Trump's past diplomatic efforts with the current crisis that began after October 7th.
why do people associate hostage release from Hamas with Trump?
Meta AI:
People associate the hostage release from Hamas with Trump because of a statement released by the White House during his presidency, claiming he secured the release of four Israeli hostages held by Hamas ¹. However, it's essential to note that the current hostage release is a recent development, with Hamas handing over a list showing 25 Israeli hostages are still alive, and Israel delaying the release of Palestinian prisoners after a chaotic hostage handover ² ³. The association with Trump might be due to his administration's involvement in past negotiations or statements, but the current situation is a separate incident.
why do people associate hostage release from Hamas with Trump?
gemini.google.com:
There are a few reasons why some people might associate hostage releases from Hamas with Trump:
Trump's focus on hostage releases: During his presidency, Trump and his administration made a significant effort to secure the release of American hostages held abroad. They publicly advocated for their release and engaged in diplomatic efforts to negotiate with various groups, including Hamas. This high-profile focus may have led some to believe that Trump was particularly involved in hostage negotiations with Hamas.
Timing of releases: Some hostage releases occurred during Trump's presidency, which might lead people to associate them with him. However, it's important to note that negotiations for hostage releases often take place over long periods and involve multiple parties, including intelligence agencies, diplomats, and intermediaries. The timing of a release doesn't necessarily indicate direct involvement by a specific president.
Political narratives: Some political actors or commentators might try to link hostage releases to Trump to either praise or criticize his foreign policy approach. This can contribute to the association between Trump and Hamas hostage releases, even if the connection is not entirely accurate.
It's important to remember that hostage negotiations are complex and sensitive processes. While presidents can play a role in advocating for the release of hostages, the actual negotiations and outcomes often depend on various factors and the involvement of multiple actors.
#twotypesofpeople
CNN
Eight hostages released from Gaza amid chaotic scenes as Palestinian prisoners set to be freed | CNN
Live updates: Israel-Hamas war, Gaza hostage releases start; 110 Palestinian prisoners to be freed
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Marc Andreessen, a legendary investor, was the first to call DeepSeek revelations a
Let's look at how the Dow Jones Industrial Average (DJIA) performed after the original Sputnik moment in 1957.
- Next Day (October 5, 1957): The DJIA closed at 442.91, down 1.86% from the previous day's close.
- One Year Later (October 4, 1958): The DJIA closed at 504.77, up 14.1% from the previous year's close.
- Three Years Later (October 4, 1960): The DJIA closed at 576.93, up 30.5% from the Sputnik launch date.
If anything, it was a wake-up call that ultimately drove American progress and innovations. Let's see if the pattern will continue this time around.
#AmericanDynamism
January 2025
Sputnik moment
Let's look at how the Dow Jones Industrial Average (DJIA) performed after the original Sputnik moment in 1957.
- Next Day (October 5, 1957): The DJIA closed at 442.91, down 1.86% from the previous day's close.
- One Year Later (October 4, 1958): The DJIA closed at 504.77, up 14.1% from the previous year's close.
- Three Years Later (October 4, 1960): The DJIA closed at 576.93, up 30.5% from the Sputnik launch date.
If anything, it was a wake-up call that ultimately drove American progress and innovations. Let's see if the pattern will continue this time around.
#AmericanDynamism
January 2025
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Есть два типа людей. Первые жалуются подругам на своих мужей. Вторые - мужья подруг.
Ходите к психологу. Берегите репутацию близких, и свою...
#twotypesofpeople
Ходите к психологу. Берегите репутацию близких, и свою...
#twotypesofpeople
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Ask anyone what a stock is expected to do following such a miss and 9 out of 10 will say to tumble. And yet, price action is neutral to up post earnings.
A lonely voice will say - it depends. Indeed. Markets trade on expectations.
#twotypesofpeople #finance
A lonely voice will say - it depends. Indeed. Markets trade on expectations.
#twotypesofpeople #finance
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