Oddbean new post about login | logout At least those houses and roads will get rebuilt. Now imagine doing it on gold reserve. Gotta wait a few years to happen.
You seriously don’t understand anything about economics and you should stop putting your foot in your mouth. Please explain how many people are fed and how we have more resources by writing down on a napkin that “we have more stuff.” Thats what you are claiming, and that somehow a gold standard prevents this magic napkin writing power from working. Please stop being a fool and think a little bit harder.
No need to become personal and condescending, Guy. I'm a long term hodler and I've listened to the most of yours and other podcasts, read a ton of books and I've heard it all many times over. Reductionism is an ignorant strategy. One thing you gotta remember: there is no solutions, only trade-offs.
Good to hear, I’ve been trying to get the word out on Twitter a little too and the stupidity flooding into some of the comments is overwhelming. I will say I don’t follow how the “there are no solutions only trade offs” applies to the argument I made of that’s what you are responding to. Of course that’s axiomatically true for all things, but I just don’t follow the connection to my argument if you are saying my strategy of explaining the principle behind it is sub par or “ignorant.” Not sure how else to argue with someone who believes in magic (which you seemed to be by believing your sarcasm). If you have a better strategy I’m interested. Arrogant and stupid people are hard to reach and it’s often just a lost cause, but I try regardless.