Oddbean new post about login | logout If you paid a bunch of money to learn Keynesian economics it's probably impossible to understand Bitcoin Not only did you learn the wrong things you have to also learn you paid $100,000 for a degree in communism
That’s a really hard learn followed by a nearly impossible learn.
This was exactly me, I made it out, thank Satoshi
Bless you
I had to learn Keynesian economics back at univesity, so I technically paid for it (a bit, not $100k - more like $2k) - but I learned a fucking lot - I learned, that the Keynesian propaganda is crucial for it to work. The professor dismissed any discussion about inflation being bad.... priceless lesson
Technically correct I thought I was stoopid
It takes a PhD to not understand Bitcoin.
If you paid a load of money to learn about Keynsian economics you get exactly what you deserve. nostr:nevent1qqswumuv6szjm9ha2hzqtsul77yn5td6hrs3ejy0fsgpe0lgqru43hspz4mhxue69uhhyetvv9ujuat50phjummwv5hsyg8zenmu7gzq8ulj5jj4kv50ph3muwz43f747vmr9ld2alrjdswgavpsgqqqqqqsj36wvx
When it comes to some actual applications those studies are worth fuck all apart of the paper which at least 30 years ago was a must to get a job I wanted. It takes some time to understand that what they teach you on Microeconomics makes sense and then next year they teach you completely contradictory things on Macroeconomics. It took me about 25years to figure it out. Such a dumb ass I am but better later than never. Anyway, 4 year at university was not lost. I found some lifetime friends there. This is priceless. Drank so much alcohol so that my children don’t have to. I already passed the average. Funally, learned the most important thing: I know shit!
Amazing. How can I zap you? Need help?
I majored in economics in high school⎯luckily our teacher very unconventionally included Austrian Economics which really opened my eyes. Inflation instinctively felt stupid to me lol I was so excited about about the Austrian thesis that I got docked by other teachers on my final exam. I was really upset about getting a below average grade back then. Now I'm super proud of my past self; she helped me foresee the result of the Keynesian money printers revving up in 2020⎯learning how the system really works and failing my major because I questioned the very foundation of that system was part of my path to Bitcoin 🧡⚡️
Good to know there are others.
I was a double major in Economics and Finance college senior when I switched majors. I always need to understand things at a granular level and first principles. I didn’t realize that back then. All I knew was… it didn’t make sense. I thought I was dumb. I remember getting a C in a presentation where I argued that all good ideas would reduce work/jobs in the Macro, while not in the Micro. It confused me because the inflation existed to fight this reality, allegedly. I quit in the middle of my 2nd to last semester and studied ops/project management. They have their own religion too.
On a level it’s like purchasing access to lucrative insider (government) jobs where dependency (debt and fear) and loyalty (ignorance and social pressure) are far more valuable than truth and reality. They know someone who is >$100k in debt can’t afford to fall out of the good graces of the only cabal who is willing and able to hire them for their compliance
