EconomistaAustriaco
Economista Austriaco
Austrian Economics | Bitcoin for Freedom | Nostr for Freedom of Speech Math & Physics Thinker | Memes with a Purpose Energy. Node runner 🏃🏻 Every zap ⚡️ and repost 🔄 powers the fire to keep this battle alive.
Public Key
npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn Profile Code
nprofile1qqs9uu8jjaaxzg2dug24skjqn72e9ejm6xupwuvswq9wvxfhkyq5wdcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsa6y08p
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Published at
2026-08-09T14:01:45Z Event JSON
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Last Notes npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco “You can’t reform any institution from inside because people don’t act against their own interest. The only way you reform institutions is by competition from the outside.” — Milton Friedman npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/50db0e9591de2e3e38dd72f884722cb4beca04a137a7f296fec7282a781df5ae.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/96aa7a3ea42a0c89873249ae7af4b709d150f825a51456cd3b9f3dfa5a2915bd.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/506e0eb28912f8af05ac1268bfa417e7b5c0dec88b200c164813a8b59c9f1c2f.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/284938dd09847c56100c769d47a7f853fd994336eac0102d0d1dd45b8b8266c7.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Dad joke 😅 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco "The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Inevitably he comes to the conclusion that the government he lives under is dishonest, insane & intolerable" — H.L. Mencken npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/ae2fb4d8bbc0ea9954bdc42db0f18c62c9ca74f82cb85686028a4fec2a5fb12c.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/148d697f620461f74655506df4449c0e917740404d4184a25a045b3cfbbbb0c3.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/865f08b6efeeb83d4bd6a08c228492124c9452333c62f9084a4200f9d2523ff8.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/d58be05c0a266f335201a53aaf5bd978a1a15535987516a59e779c6981012f82.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Two economists. Two different conclusions. In the late 1920s, Irving Fisher believed that monetary stabilization could stabilize the dollar and help overcome the business cycle. Ludwig von Mises did not agree with that approach. In 1928, he challenged Fisher’s monetary views, arguing that artificially low interest rates and credit expansion could fuel an economic boom that would eventually end in crisis. Fisher remained confident in the stock market even in October 1929. Then came the crash and the Great Depression. https://blossom.primal.net/5d5eef0ad99845a81b148d8452c52776acafc0bae393f989685a8347dc133a53.jpg https://blossom.primal.net/708b6588ce965e52a74ee3c9b217c4aa4486aa5eeb1e64d77c14423a64dda634.jpg https://blossom.primal.net/c543a42d08627ae7c05dbec7f30488ff63dfaf8719dfd022578dc5b5d4aeaab0.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/800b3f1a98de30a9ccf8239f006aa7c9ade1143f25e456359b38b9abffa9b3e5.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/4d7493b4b7cda5640e005ee09a9dc8092527f10e577e5e4ea2e447efb0be25bf.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/f17ca25e7858273b7ead5815b18e09b907ff3eccf1d72ec4b092aae6d8457024.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/ea83fcca751e67c9223bad22e3913cf472fdfa20f6a3ae7c070c563862d4e287.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco The U.S. National Debt and the debt interest expense as a % of federal budget have been etched into the bitcoin blockchain forever. • National debt: $40.33T (Oct 14, 2026) • Interest: 14.9% of federal outlays (FY26) https://mempool.space/tx/78072b5c5aeb4bd357d203de11b09cf0513d84d544ca658c566bd73b32c598ba?mode=details https://blossom.primal.net/db69d66d94c1c2ad2ef6a9af6b6566d9bf6ca93ea525c04917674d3841c5e936.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Fiat Standard @npub1gdu…6nak https://blossom.primal.net/fc50266649e48dfeb8ae62ae7750ad6739e7fb6a275e2a090d2e75039b00139e.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/0af8ea434e300ed9647540df32f504a6458976aa8bc8cccd3d05c07ee80fa11c.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco A neighbor just got zapped ⚡️by nature! https://blossom.primal.net/03a6fdf822b61883a90bccddae64b9b8aac2f729676fa54bd7bc201194cc1868.mp4 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/e4fec6f73106d35267b5ee3d625a8eab5e369f635f8b0f009162da90dc27c5f3.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/7a64b2acfa19e702e37790898d83d75adf35676d2661eeb0b129829338a86992.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco GM ☀️ npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/82e4b20b95a2d1959a53b20214a7a24a97d66ec3c5a98cd5f34eee679883457e.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/8d55ebe3299d60b758ad44e8a0b3bd2384260d14f072c9d4ea40285af3eee7b9.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco GM ☀️1 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Socialism is a machine for consuming capital while pretending to create it. Every socialist program starts the same way: a politician identifies something people want, promises to deliver it without a visible price tag, and taxes or prints the money to fund it. Venezuela had this down to an art form by 2015. Price controls on food, nationalized oil revenues redistributed as subsidies, Maduro declaring the supermarket shelves would stay full. By 2017, Venezuelans lost an average of 11 kilograms of body weight from hunger. The machine ate the capital, then ate the people. Prices carry information. When a government fixes the price of bread below market, bakers stop baking. When it taxes productive capital to fund consumption, the capital stock shrinks. Ludwig von Mises called this the calculation problem: without genuine price signals, central planners are flying blind, allocating resources based on political pressure rather than actual scarcity. Chronic shortage sits underneath their rhetoric of abundance. Rent is higher because zoning boards and rent stabilization laws choked off housing supply in cities like San Francisco for decades. Your healthcare costs more because Medicare and Medicaid inflate demand while regulatory capture insulates hospitals from competition. Specific politicians passed specific laws that produced specific shortages, then campaigned for re-election by blaming the market. Voting for a slightly less interventionist candidate while holding your savings in dollars is rearranging furniture on a sinking ship. Hard assets held outside the banking system, particularly bitcoin, gold, property, and stocks, remove your stored labor from the reach of the printing press. This is a basic act of self-preservation in a system designed to extract your productivity under the guise of compassion. Stop waiting for permission to opt out. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco A kid breaks a window. the glazier gets paid. the keynesian says great, that's spending, that's growth nobody asks what the shopkeeper would have bought with that money instead. a suit. a new oven. the window is visible. the suit that never got made is not the economy didn't grow. it got a window back and lost a suit. you can count the window in gdp. you can't count the suit anywhere. that's the whole trick npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/66799e10cc3cae076c766229e39bab238c049c5cf163f6bbf80f09a520a4adfa.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/0175067474bbecf25ecabc8bb51f3451a11f03c16c911abc4502c592e8d13fcb.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 🤦🏻♂️ npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco “The common argument that crime is caused by poverty is a kind of slander on the poor.” — H. L. Mencken npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/9c5b80eb9867cacf18cbfadf3f546f99b2b3e81f97afb13bd2000a5121b394f9.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/7c8c322b5a8da0f40dd0056983ac0c394a8b81f9dfe087a4636be0f243fe97cf.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/f6c1ad6ccaa3ba71c3cc8e9e3c4c47f57c85ed3e0ef6e80171bc9e353b9d3abb.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco The physical crude oil market is out of control. The cost to ship 2 million barrels of crude oil from West Africa to China is now up to $27.22/barrel. To put this into perspective, in July, the cost for the same shipment ~$6.50/barrel. That's a +319% surge in shipping costs in just over 2 months. The scramble for physical crude inventories is in full-swing. https://blossom.primal.net/d1c7e1d1eb35a7b886db72bd10fcb63f381c71190286a43484b4f18b856f99e1.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/c36e61075bc049892d5f0f6253d0cca62848744fbc5cf38a338d38b94ca2d43d.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/7f981f34b0a97e3dbc41f2a62c1af0aed548051ea9ade4bc9d38e3e525e27100.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/63750072b3e1c90d5ecb6d4a7a44443e8c662fb7c2d12caf0a63dad356db878b.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 🤣. 🎯. Also as stable as politicians minds. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 👋🏼 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/1030de3403c0782152d446b6705d64f748b862a98796d8cba9012cd5ea6ccceb.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco GM, Safe travels! npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco GM 💜 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/bc87f2a8ca8e8b78156d8968f469cb0c171cb90ab6564fdc603801f96aa19dc8.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/9340c20f6ee48f8e883eca2a11365b41b9c6017ffe95aebeeb5fac2cd6ca3512.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/6bb20ca6d22713ef5c4438a3716cf40b5e042fbc2ef25db139d8e5d8cb55cc3c.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco JUST IN: Jim Cramer says "I think a bond short squeeze could actually occur." 🙃 https://blossom.primal.net/a502d9bbeeb34da0ecac3bb3f50600792041dea8a0b4f56bfb2a03c7480ef9bb.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Super intelligent 😅 https://blossom.primal.net/a300537fcb4df3ea37120633ac023f306c33a6557eaa8faab6fc251c557e9e6e.jpg https://blossom.primal.net/3f0a90610d4dfa487768890fa6fcce44a65a64f302f67f51b025e618fb5c310b.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 145 years ago today, the great Ludwig von Mises was born, and the world is better for it. — @npub1gdu…6nak https://blossom.primal.net/311bc70124520ad33000184fdb302c8d9f193a65e681bfcb3a99be783f8f40c4.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Happy Birthday Ludwig von Mises https://blossom.primal.net/bf6ff7bff7bbd81569ec960ac1a3d215b68a2f9c2e31dc566d687f716d190481.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco What have you spent your Nostr zaps on? npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/8487bcdeed7462a0a44d35e261d6e6dce3d0fed747e79cd34b22025af8469e53.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco In 1936, Keynes famously wrote that paying people to dig holes and fill them back up would boost the economy. Meanwhile, French economist Bastiat was spinning in his grave, having warned a century earlier about the "broken window fallacy" - the illusion that destruction creates wealth. When New Deal programs put thousands to work building bridges to nowhere, Keynesians cheered the employment statistics. But they ignored what Bastiat called "the unseen" - the private investments never made, the businesses never started, the innovations never pursued because capital was diverted to government make-work. Today's politicians still invoke Keynesian magic, claiming every trillion in deficit spending creates prosperity. They see the government jobs, the infrastructure projects, the GDP bump. They don't see the entrepreneur who couldn't get a loan, the startup that never launched, or the future growth sacrificed for today's political theater. https://blossom.primal.net/816d293dcf5ae0bb0b1ae1b371990df44648e6f2f4c98729f411190b36f64522.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/ea6a9cf8282261babd49963861c28a84a58b941b81e37f3e778490222b93d914.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/fd1049c4ab58a808237e48c9fe0b4d832f47a14de5355a8c3d07d945bd70ea95.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/254b03ea7dc659ebd4cefd655bb1f891742179deee7fd23815eff598ead82145.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Carl Menger destroyed two thousand years of economic fallacy with a single insight in 1871: value is subjective, existing only in the mind of the individual valuer. The classical economists—from Adam Smith to David Ricardo—had spent centuries chasing their tails, convinced that value somehow resided in objects themselves, whether through labor content or production costs. Menger obliterated this nonsense by pointing out the obvious: a glass of water means nothing to a man by a river but everything to one dying of thirst in the desert. This breakthrough wasn't just academic—it was revolutionary. By grounding value in human choice and preference, Menger laid the foundation for understanding how markets actually work. Prices don't reflect some mystical "intrinsic worth" but emerge from countless individuals making subjective judgments about their personal wants and needs. And this happens spontaneously, without any central planner needed to "coordinate" anything. The implications were devastating to statist economics before statist economics even fully existed. If value is subjective, then government price controls become acts of pure violence—bureaucrats literally imposing their subjective valuations on millions of others through force. If value emerges from individual choice, then socialism becomes impossible by definition. You cannot centrally plan what exists only in the minds of individuals. But the establishment couldn't let this stand. The subjective theory of value made government intervention look like what it is: economic barbarism. So they spent the next century constructing elaborate mathematical models to obscure Menger's simple truth. British pedophile John Maynard Keynes and his disciples built entire careers on ignoring subjective value, pretending that wise technocrats could somehow calculate what only individual actors can know. The Austrian revolution began with Menger recognizing that value lives in human minds, not in objects—and every government economist has been running from this truth ever since. https://blossom.primal.net/59eec9f1708cbc83ba7f07e819b847d761f4d95b8f66c16775a8ec86259e653a.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/d7394547d90f7d908b08637d937922c7493847c45b2e74fb6b1f11672541d9d9.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/4f2187183fb5cab5a7adad6ecb9cd0bb699ef1630baa4669bbd186695210259d.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/559cb7af037a41c01d3118b0e26eb65476904888145dd8ec32423e8199e1d57d.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Looks like you’re addicted now. 😅 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/ae1b15d2c536d37cae7e67be47556269c1543e64d195aa5b588497b6c2993428.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/12dd59f4e4b5e39b2215e5922cf9e344ebe8bfb30cd65eebe2f4376cd94e096b.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/a3a3e57eae8583c1b450fb0bafa0ad6f3c2e2b33293e8d300e778bae57b6c7a3.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 🎯 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco GM Derek ☀️💜 npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/484e792ff1bd2b9578b8bae0189b6c37a36d2dc412ae639f9b606963c63c9c8e.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/4c0460f83141f4935af306c6cfd295d327b98dd647b2e7d3a013bbb6d6f5a924.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/572cec1a779c8627079ef4b7b7636398fccb46846f4fde1363d70f8d287d2d44.png npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/2abfb15b7b66b0fba83eaeb03c7dfcb4143f80a36bffd1cb5b9bfad3125b5322.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Austrian Economics 1. Humans act. Every choice a person makes traces back to an incentive, a trade-off, a cost weighed against a benefit. Remove the incentive and the action stops. Distort the incentive and the action warps. Tax income at 90% and watch producers stop producing. Subsidize failure and watch failure multiply. The behavior follows the reward structure, always. 2. Value exists only in the mind of the person choosing. A glass of water is worth nothing to a drowning man and everything to a man dying of thirst. No central authority can calculate this, because it changes with every individual and every circumstance. Nothing has value in itself, only the degree to which humans choose to value it. Diamonds and even gold only carry value because humans decided they do. 3. Money does not come from a government decree. It emerged spontaneously when traders needed something durable, divisible, and widely accepted to escape the limitations of direct barter. Gold won that competition across centuries and across dozens of independent civilizations because the market, not a ministry, chose it. Fiat currency is the state hijacking that evolved institution and replacing it with paper backed by nothing but a legal threat. Every central bank on earth operates on this model right now. 4. Wealth does not fall from the sky. A farmer who eats his entire harvest produces nothing next season. The farmer who saves seed, plants it, and specializes in what he grows best accumulates a surplus. That surplus is capital. Capital funds everything that comes after. Consumption without prior production is just burning down the furniture for warmth. Every welfare state eventually reaches this point. 5. Strip private property rights and production collapses. A farmer will work his own land until midnight. That same farmer, working collective land, stops at noon. The Soviet Union ran this experiment across seventy years and killed tens of millions, proving the point. When you cannot own the outcome, you do not produce the outcome. 6. Voluntary trade generates wealth from nothing but mutual preference. When you pay twelve dollars for a meal, you value the meal above twelve dollars; the restaurant values twelve dollars above the meal. Both parties walk away wealthier in real terms. No politician, no regulator, no bureaucrat added anything. Protectionism destroys this. The 2018 US steel tariffs raised steel prices for American manufacturers, killed more jobs in steel-consuming industries than existed in steel production itself, and transferred wealth from productive firms to a protected few. 7. Ludwig von Mises identified inflation as a tax. Every dollar the Federal Reserve creates without corresponding production dilutes every dollar you already hold. The new money flows first to the government and its contractors, who spend it at current prices. By the time it reaches you, prices have already risen. The US M2 money supply grew from roughly 15 trillion dollars in January 2020 to over 21 trillion by early 2022. Consumer prices followed. Your savings took the loss. 8. Prices carry information. A price spike tells producers to produce more and tells consumers to use less. It coordinates millions of strangers without a single central command. Interfere with that signal and the coordination breaks. Rent control in New York City is the cleanest example. Cap rents below market and landlords stop maintaining buildings, stop building new ones, and convert units to other uses. The people rent control was supposed to help pay the price through collapsing supply. 9. Interest rates are the price of capital over time. When the Federal Reserve pushed rates to near zero between 2008 and 2022, it told every investor that capital was nearly free. Businesses built projects that only made sense at zero percent. When rates normalized, the projects failed. The 2022 collapse of the US tech sector and the crypto market were not random events. They were the correction of a decade of artificially cheap capital. The business cycle is not a mystery of capitalism. Central banks manufacture it. 10. Bureaucrats face no profit and loss. A businessman who misallocates capital goes bankrupt. A bureaucrat who misallocates capital writes a report requesting more funding. The feedback loop that disciplines markets simply does not exist inside a government agency. The US Department of Education has spent over a trillion dollars since 1980. Literacy rates have not improved. No one at the department has been bankrupted by this outcome. 11. Every producer inside a local market holds knowledge that no bureaucrat in a capital city can replicate. A wheat farmer in Kansas tracks soil moisture, futures prices, local equipment costs, his specific buyer relationships, and a hundred other variables simultaneously. That knowledge lives in the price he sets. Friedrich Hayek called this tacit knowledge in 1945. The Soviet central planners ignored him and spent fifty years proving him correct, producing chronic shortages of goods that private markets coordinate effortlessly. No model, no algorithm, and no committee can compress what millions of independent actors know into a single plan. 12. Every government intervention produces effects you see and effects you don't. You see the road the state builds. You don't see the factory the tax dollars never funded, the job that never existed, the innovation that never happened because capital was extracted at gunpoint and redirected by bureaucrats with no skin in the game. Take the 2009 Cash for Clunkers program. Congress destroyed 690,000 working cars, handed dealers a short-term spike, and you saw the sales numbers. The used car market was stripped of affordable inventory, pricing working-class buyers out for years afterward. 13. Prices, supply chains, and language itself coordinate millions of strangers without any central planner issuing a single command. That coordination is spontaneous order: complex, functional patterns that emerge from individuals pursuing their own goals under rules they did not collectively design. No committee holds the dispersed local knowledge required to replicate what voluntary exchange produces every second. Watch how English evolved. No king designed its grammar. Millions of speakers across centuries adopted words and structures that worked, dropped ones that didn't, and produced a language richer than any bureaucrat could have engineered. Central planners who believe they can replicate that process with price controls or production quotas destroy the feedback mechanism that generates the order in the first place. Thanks for reading this long post! What would you add to this list? https://blossom.primal.net/da5e06ee2ab4861ea123859206ae73536e4fe7b8a26af304bff63f4bef84451a.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/754bc5d2017f1ee7e22fd4f3119657049e86dd88eed501f496ec0b130ca3552f.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco It’s great news that Bill is losing control. https://blossom.primal.net/cdf1acac09a52bac1e6e836a0e30ad4ce87ccf41404d4c36b5177421be96ed16.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/6bbe93e083c91fdfc55c4a75c46e2530e8af715da8e566cbc9d02661692d8503.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/f3a02b8d9b462453b1174a1c89ad17829a0b18ae8ced29b15578b48d0a450d84.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/725ef2b4e7e85faab558be382e8bd9014a8276c79a4d63ac57293161f438fdf4.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco 😮 https://blossom.primal.net/b042ecf6cf5a8b3b7bdcef3a1248c5e1335d1489db01663eddabcc255db7467a.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/55460dc2684bc1e8a968873555e47ee29480d891ba306e89dd2f259b04f52d94.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/20512d54edcb43f4b65f335b12e616e8135d53f1680f79b3ef136b07960ffa82.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/4b7bb3c4e5c3ea6fccfb6782394406e34d8e60e8098eb475c4c8957f569b6511.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco As it should be. https://blossom.primal.net/6d15f040d928bbe80ea161facc7d69cfb557d018e2cddf6d2361f627f23ef865.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/822af6d0c5248579414021644f20e9194a953e798d019e29b8f420043443cd35.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/537289c94046da1735697ed39850663d93c04045659bbe6f681783b23791679e.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco The economy is not a finite cake. Wealth is created through production, innovation, and voluntary exchange. A rich person does not make others poorer by earning wealth, unless it comes from political privilege, subsidies, or coercion. Taxation does not create a bigger cake. It merely lets politicians decide who gets to eat it. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Make taxation theft again. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Claude, chatgpt and grok are down. Bitcoin is up. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/edea5735e07244f1f8de84f14eef573b681906a5aae76ad63e9ff8dd96ca54e4.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/3292c8fc3751ad56690dab2d0ac6049c299cbc540f8e4e4621c03390d392d16f.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/31de4b8cb6b5800b79528c789b88f62170f69ac55dbd2e669c777d4528571bbf.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/6ea061f3e6fcdae06f4bf5bfa6554d8bad28841ed0fc4035be388defa6d0a076.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco What is a rebel? A man who says no. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/4681066b3047b468a9ed0a7efe876754f70511cba8ec5faf47cf525c0b541e54.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/fef25af00ae8291d5275c3c70ebae41008898c673f795decad410b2c77459ea6.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Florida becomes the first state to issue a statewide ban on automated license plate readers, including Flock surveillance cameras, ordering them to be removed from state highways. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco Today, EU President Ursula von der Leyen, says that people's savings accounts are a problem and that she must put this money "to the service of European companies" says her plan to "securitize them" and "supervise them" They're coming for your savings, Europe. npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/f7ae26673c8e4e182d4ab790d317a6f4232d1fc5a999de99a0cf3dfa86c5b6b1.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/0b75e7dd4baf873f587e402014300a327c4b36399151fa55621afb67fe3ab5fd.jpg npub1tec099m6vys5mcs4tpdyp8u4jtn9h5dczacequq2ucvn0vgpgums94efzn EconomistaAustriaco https://blossom.primal.net/d38658f1c81b2525302062e29c47e7f25a2b7b74ec18ad0ec9db776275d37766.jpg