praxeologist

Institutions, Money, Banking, Privacy and a little bit of other stuff.

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Last Notes

2025-05-06 15:37:14

Contrary to what many libertarians believe, there is such a thing as "regulation" in an Ancap society—it's just way more efficient and market-driven than government regulation.
It’s not like anyone can just keep a nuclear bomb in their mom's basement. because no insurance company would cover that! On the other hand, some weapons are only used for defense, so insurance companies would charge much lower premiums for people owning those.
#grownostr #Ancap

2025-04-05 11:16:51

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no idea what you are talking about, could you plz elaborate?

2025-04-04 21:29:36

It's first time sharing my #guitar content here, It's Serenity Painted Death by#opeth
consider subscribing if you liked my cover
https://www.youtube.com/shorts/_7ShM3U7cTo
#grownostr #art #metal #music

2025-03-26 21:33:47

Does anyone have access to the actual WSJ article, or can guide me on how to pirate it?
Debt Has Always Been the Ruin of Great Powers. Is the U.S. Next?
https://www.wsj.com/politics/policy/debt-has-always-been-the-ruinof-great-powers-is-the-u-s-next-02f16402
#asknostr #grownostr #debt

2025-03-25 14:39:51

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"Technically all of them were jews"
- Hans-Hermann Hoppe
lol

2025-03-25 14:32:20

So called Economists in academia try to understand complex systems by looking at their outputs and guessing patterns—foolish, arrogant, or both! Engineers, on the other hand, analyze complex systems by studying their smallest active parts and building up from there.
That’s why more engineers should read #Mises. He was the first to truly grasp that human society is a complex system and must be studied like one—by understanding human action first and building logical conclusions from the ground up!
Ironically, economists don’t actually analyze data to find the truth. They start with their favorite policy (leftist education, right-wing tariffs, etc.) and then torture the data to fit their agenda. That’s why they can’t agree on anything!
#note1d3r…807j
#grownostr

2025-03-21 21:41:19

Fantastic News!!!
#nevent1q…49p6

2025-03-21 07:51:37

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now that's what I wanna see on my feed

2025-03-21 07:43:02

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I remember your 2023 elections. everyone I knew in Iran was excited about Kılıçdaroğlu winning. well, I guess it didn’t affect them much; they just hated Erdoğan. I even remember Kılıçdaroğlu losing by a small margin... So, wondering are your elections real, or just another clown show? Did really half of your people vote for Erdoğan?

2025-03-20 15:14:41

When people say #anarchy has never existed in human history, they often define it poorly. Anarchy is not a political system, a society, or a geographical entity—it’s a #protocol by which human beings interact without unjustified force. You should look for it everywhere, and you’ll easily find it!
Just consider how music has evolved, how foods and recipes have been created, how mathematics has advanced through individual contributions, or even the history of #Bitcoin 's whitepaper. These are all examples of anarchy—voluntary, self-regulated, and decentralized coordination. Anarchy has existed in nearly everything we enjoy!
#grownostr

2025-03-20 13:36:55

#nevent1q…ck64
And partly they’re right: Stillman’s argument for international hegemony and interventions has been to protect American businesses operating abroad. But one might ask, why not hire private armies to do that? It's not about defending a country's borders; it's about having the right to protect a business abroad. Private armies would likely have been more peace-driven, as they had no incentive to conquer for political reasons, and they would have been much more efficient.

2025-03-20 13:25:21

#Mises despised the Nazis more than any other state, Ayn #Rand loathed the Russian commies the most, so I suppose it makes sense that #Rothbard and Rothbardians would blame the U.S. for nearly every major and minor international conflict throughout the 20th and 21st centuries.

2025-03-20 09:23:16

Happy Nowruz! Happy new Iranian year! Someone told me this year's animal is snake. so let it be a good sign for people under oppression...
https://upload.wikimedia.org/wikipedia/commons/thumb/d/d8/Gadsden_flag.svg/500px-Gadsden_flag.svg.png
@nprofile…m5fp
@nprofile…9w9j
@nprofile…2x45
@nprofile…uc7p
@nprofile…9m63
@nprofile…s63m
@npub1yn3…48n2
@nprofile…4qz9
@nprofile…e0m6
@nprofile…zca6
@npub13aa…z3fg
@npub18c5…0we7
@nprofile…2f5e
@nprofile…pu4k
And everyone else!
#grownostr#iran

2025-03-04 20:01:53

I'm thrilled to announce that I've made my first open-source contribution to the Nostr ecosystem! Huge thanks to @npub1htd…92zz and especially @npub1h49…9kay and @npub13aa…z3fg , for their incredible support, guidance, and the generous 50k zap reward. I’ve learned so much along the way! Exciting news—Immortal Relay will be supporting NIP-50 (search) in the upcoming version! check out Immortal here: https://github.com/dezh-tech/immortal/

2025-02-28 19:26:54

I completely understand if an American says, "Fuck you, it's my money." I respect that, and honestly, I'd probably say the same under similar circumstances.
What truly disgusts me, though, is seeing people bending over for that Russian son of a bitch.
Have you ever stopped to think about what kind of animal you become when you support him? And please, stop with your stupid "I'm not supporting him, I'm supporting the U.S.A."—as if you couldn’t support your country without kissing the murderer’s ass.
Screw whatever the Mises Institute says. Believe me, this war has nothing to do with NATO moving eastward. Was NATO moving eastward in Syria when Putin was bombing the shit out of children? Was he protecting them from NATO then?
Putin has killed and destroyed more than Hitler ever could have if he had lived past 1945.

2025-02-26 17:34:21

In a world that even its von #Hayek tries to justify legitimacy of taxation, how the fuck you think you can change everything with just discussion and #democracy? Nah, you need a weapon to scare the shit out of them when showing how stupid they were in their past. And I think here, y'all know what that weapon is my comrades.
#Bitcoin #grownostr

2025-02-26 09:13:14

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And it's not half!

2025-02-06 12:15:54

Got a confession to make...
I totally misunderstood the whole fight between Milei and Hoppe. It's partly their own fault, they didn't get each other right too!
Anyway Bob Murphy explains the whole thing so damn well at 26:28
https://youtu.be/WxHiBALtk2A?si=MxlkgEGtz-NvS2Vo
#grownostr #milei #hoppe #fiat #gold #fuckthecb

2025-01-19 16:31:48

Just in case you didn't know "... By the time Ulbricht graduated, he had become interested in #libertarian economic theory and adhered to the political philosophy of Ludwig von #Mises."
https://freeross.org/wp-content/uploads/2023/04/Meet-Ross-Ulbricht-portrait.webp
"Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained; there are no schools for creativeness.
A genius is precisely a person who defies all schools and rules, deviates from the traditional roads of routine, and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil—always self-made.
He does not owe anything to the favor of those in power. However, the government can create conditions that paralyze the efforts of a creative spirit and prevent him from rendering useful services to the community."
- Ludwig von Mises
#grownostr #freeross #libertarianism #Bitcoin

2025-01-19 16:09:21

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where can I see which apps support which nips?

2025-01-19 15:53:49

Can you pin a note in nostr? #asknostr

2025-01-16 20:16:07

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https://www.econlib.org/archives/2007/12/dexter_and_dost.html

2025-01-16 06:29:08

History + Comedy = Rothbard
If anything is simultaneously obvious and brilliant, it is Rothbard’s insight that governments are glorified gangs of criminals. How can anyone who knows the basic facts of history disagree? If you strip virtually any chapter of world history down to a postcard, it’s a story of vicious murderers killing each other in order to enslave nearby civilians. Nearly every guy nicknamed “the Great” was a serial killer on a massive scale – and not the nice kind, either.
If all this is so obvious, why don’t most works of history have a Rothbardian flavor? The answer, in short, is that most historians are serious. When they tell the story of William the Conqueror, for example, they take a considered, pompous tone, and treat all the key historical players with respect. They’ve usually got their facts straight, of course. But they don’t want to write the “story of William the Mass Murderer,” so they briefly mention his body count, then move on to William’s land titling policy.
source: https://www.betonit.ai/p/history_comedyhtml
#grownostr #history #rothbard #libertarianism #state #war

2025-01-12 22:24:56

This entire battle between Hoppean Ancaps and Milei is indeed fun to follow. The argument "If Milei had defaulted on the debt, he wouldn't last a single month" is probably valid. On the other hand, if he fails to deliver on his promises — which he hasn't so far, and Hoppeans are right to point that out — it wouldn't end well for libertarianism.
https://image.nostr.build/00d06ba91943b25290a0fe701a7fcf7121dec93e57b861ad22867df0faaf32a4.jpg
#grownostr #liberty #debt #fiatstandard #argentina #milei #libertarianism

2025-01-04 08:22:31

https://eastasiaforum.org/wp-content/uploads/2019/10/2019-09-16T005344Z_1943974789_MT1AFL112187790_RTRMADP_3_SPORT-1024x682-c-default.webp
Japan was the first major global power to develop a comprehensive social security system, expanding its principles and achieving remarkable success.
The country became a global leader in life expectancy and was also at the forefront of education. By the mid-1970s, about 90% of its population had completed high school—a stark contrast to the UK, where the figure was only 32%. In terms of social equality, Japan outpaced all Western nations except Sweden. It also managed the largest pension fund in the world, allowing its retirees to enjoy generous benefits and a steady income throughout long years of retirement. Notably, Japan accomplished this while allocating just 9% of its national income to social insurance in 1975, compared to Sweden’s 31%. In the UK, the burden of taxes and social security was roughly half that amount. Japan had successfully made welfare accessible to all, all while its economy grew rapidly enough to become the second-largest globally by 1968. A year earlier, Herman Kahn had predicted that by 2000, Japan’s per capita income would surpass that of the United States. Indeed, Yakagawa Natsuhiro stated that when accounting for additional benefits, "the real income of a Japanese worker is now at least three times that of an American worker."
The extraordinary success of Japan’s social security system was so profound that by the 1970s, the Japanese enjoyed the highest life expectancy in the world. However, this longevity, coupled with a declining birthrate, resulted in the world’s oldest population, with 21% of its citizens aged 65 or older. According to international economic research by Nakame, by 2044, the elderly population is projected to equal the working population. Consequently, Japan is now facing a deep structural crisis in its social security system, which was not designed to handle such demographic challenges. Despite raising the retirement age, the government has yet to resolve the issues within the public pension system. The situation has been exacerbated by many self-employed individuals and students being unable to afford their social security contributions. Furthermore, the universal health insurance program has been running a budget deficit since the 1990s. Today, Japan’s social security budget consumes three-quarters of its tax revenue, and its national debt has surpassed one quadrillion yen, or approximately 170% of its gross domestic product.
Note: The statistics cited are from 2008, making them 17 years old.
Source: The Ascent of Money: A Financial History of the World
#grownostr #japan #welfarestate

2025-01-03 15:12:42

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آیا متن باز است؟

2025-01-02 15:46:46

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hehe good one to start the day!

2025-01-02 10:39:11

https://i.ibb.co/tmV2cFL/In-Shot-20250102-135549843.jpg
According to the 2018 trustees’ report, Medicare faces a $37 trillion unfunded liability over the next 75 years, and Social Security $13 trillion. None of this is part of the $34 trillion U.S. debt as of 2024.
"But why worry? Taxpayers pay in now, then get paid later when they're old. Problem solved!" Now let’s look at reality:
1- Aging Population: In case anyone missed it, populations in most developed countries are aging fast. Fewer workers supporting more retirees. So the math here is simple: fewer people paying into the system, more people taking out. What could go wrong?
2- Rising Costs: Medical technology keeps advancing (good for health, bad for budgets), and people live longer than ever. Healthcare and pension costs grow faster than inflation or GDP. But hey, I’m sure "the rich" can foot the bill, right?
3- Economic Shocks: Tax revenue isn’t a guaranteed stream. A recession hits, revenue drops, and obligations like pensions and Medicare don’t magically shrink. So where does the money come from? Print it? Borrow more? Oh wait, we already maxed that strategy.
But sure, keep telling us that unfunded liabilities aren’t a problem. What’s another few trillion, anyway? It’s not like future taxpayers will mind footing the bill for today’s promises.
#grownostr #fiatstandard #debtcrisis #bitcoin #liberty

2024-11-29 19:55:06

https://image.nostr.build/4b5ab51347f9bca9acf77c05dd13e4bd164eb68516d9d125725f10336401db07.jpg
I’ve never been deeply drawn to mythology, but I’ve noticed the recurring theme of scarcity. In myths and ancient beliefs, there’s always a limited number of divine beings or supernatural forces shaping existence. From the singular, all-powerful gods of monotheistic traditions to the pantheons of ancient Greece or Norse mythology, these figures are always finite.
This scarcity is what made myths so captivating. Imagine if there were thousands of Zeuses or Thors—what would happen to the sense of wonder? The uniqueness would fade, and with it, the awe that draws people to these stories.
For the first time in human history, though, we have something in the material world that’s provably scarce—and yet, some people still fail to appreciate its beauty!
#grownostr #bitcoin #scarcity

2024-11-14 17:44:37

If you haven't already, I recommend watching this on monopolies. It goes over historical evidence to show that the only force capable of creating a long-term monopoly is the state itself.
https://www.youtube.com/watch?v=X4LNn6rtYAo
#grownostr #austrianeconomics #economics #praxeology #rothbard #state #monopoly #liberty #libertarianism

2024-10-08 10:37:51

According to Rothbard, contracts based on future promises without a clear transfer of property shouldn’t be enforced by law. The reasoning is that no one can transfer ownership of their future will. For instance, if I simply promise to pay you $1,000 tomorrow and you act on that, there’s no obligation for me to pay. However, if you give me $900 today and I promise to pay $1,000 tomorrow, this is different. In this case, property has changed hands, and if I don’t pay, it’s effectively theft. Therefore, in a libertarian society, contracts preventing a party from offering future services to others (like exclusivity agreements) wouldn’t be protected by law, ensuring monopolies can’t be legally enforced.
#grownostr #rothbard #austrians #contracts #philosophy #moralphilosophy #monopoly #trust #freemarket #libertarianism #llibertarian

2024-09-27 07:47:32

I used to believe that tariffs and economic protectionism were mainly about individual freedom or lowering prices. But I’ve come to realize they are tied to something even more critical—global peace. When countries engage in protectionist policies, it restricts free trade, heightens tensions, and can eventually escalate into full-scale conflict. A historical example is America’s protectionism in the early 1930s, which severely impacted Germany’s economy. With the U.S. as its biggest trading partner, Germany’s economy collapsed, unemployment soared, and this environment helped bring the National Socialist German Workers' Party to power.
So no matter how much you brag about not supporting Ukraine and call yourself a peacemaker, your policies might tell a different story.
#grownostr #Liberalism #EconomicPolicy #Economics #Politics #FreeTrade #History #Ukraine #War

2024-09-23 15:54:41

While it's true that voting in elections supports fiat states, as libertarians who advocate for open borders, it's important to clear something up: Democrats and leftists aren't more pro-open borders than Republicans. What they really push for is more immigration to expand the welfare state, mess things up, and secure more votes. In contrast, Republicans are far more honest on this issue.
#grownostr #fuckfiat #libertarianism #politics #election

2024-09-22 07:19:04

Action is always necessarily rational because an acting man is always aiming his action to satisfy some desire. The terms rational and irrational are inappropriate and meaningless with respect to the subjective goals of a man. Since nobody is in a position to replace his own values for those of an acting individual, it’s futile to pass judgments on other people’s goals that come from their free will. Praxeology takes the values of acting man as a given and does not analyze them. Therefore praxeology is value-free.
#LearnPraxeology #Praxeology #grownostr #AustrianEconomics #HumanAction

2024-09-22 06:43:13

Action always involves both taking and renunciation, because there are always at least 2 things that a man can't have at the same time.
#LearnPraxeology #Praxeology #grownostr #AustrianEconomics #HumanAction

2024-09-22 06:38:16

Psychology studies the conscious and subconscious factors that impel a man to act, Praxeology studies the action itself, and it's thus not concerned with the underlying motives that psychology studies. Therefore, the terms “unconscious” that Praxeology uses and “subconscious” that Psychology uses are completely separate because they belong to two different systems of thought and research.
#LearnPraxeology #Praxeology #grownostr #AustrianEconomics

2024-09-21 14:50:01

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Transferring from your bank account to an exchange, and then transferring it to your wallet.

2024-09-21 12:06:24

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Agreed, the process of transferring from your bank account seems complicated though.

2024-09-21 12:02:28

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I understand, but India is far better compared to some other countries. We're talking about inflationary countries...

2024-09-21 11:58:33

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Why not?

2024-09-21 11:11:46

In the country I live in, where the economy is in shambles, an average family spends around $300 a month to live (after subtracting debts, taxes, insurance, etc. from their income). The annual inflation rate is about 50%, and it's getting worse over time. #Bitcoin #Adoption seems like a reasonable solution, especially with the #Lightning Network enabling payments of $300 a month. But what's holding it back?
I used to think it was all about volatility, but then I asked myself—volatility for just $300? Sure, it's a significant amount for us, but we're talking about #Bitcoin here. I'm also aware of adoption cases in #Cuba and #Africa, where even there, Bitcoin users remain a minority.
In the spirit of documenting the situation, I’m listing some reasons below and I #AskNostr for more insights, reasons, and solutions:
1) It’s hard to explain to everyday people why Bitcoin is economically superior in their current conditions. It’s even more puzzling when you realize many are trading shitcoins on exchanges!
2) People are accustomed to traditional trust systems with #government institutions. They still trust failing banks to hold their money, and I’m sure they’ll trust CBDCs (which are gradually emerging). Some even trust online exchanges but hesitate when it comes to holding their private keys. It's voluntary #slavery in a way.
3) People in countries like mine have a very high time preference. Deep down, they’ve accepted they can’t change the future, so they don’t even bother trying. I hear things like, 'Someday it’ll be fixed,' or 'Just believe in karma.' This mindset is so entrenched that, despite everything going downhill year after year, they don’t think long-term. They stay trapped in short-term pleasure cycles.
4) We've experienced one of the longest periods of chronic inflation in the world, but we haven’t hit #hyperinflation yet (though I believe we're on the verge). The issue is, people can't imagine hyperinflation. They're not scared enough—or they just don’t want to be.
I’m sure there are other factors, I welcome your thoughts, advice, and shared experiences, especially from places like #Cuba, #Venezuela, #Nigeria, and other countries facing similar struggles.
#BitcoinAdoption #GrowNostr #Fiat #FiatStandard

2024-09-20 17:14:48

Regret is one of the most unproductive emotions. Every action you took was based on your mindset at that time. If you're regretting something you did or said, it shows how much you've grown and changed—because real change happens gradually, not overnight. By reflecting on your past mentality, you can appreciate your honesty in taking action back then. #idea

2024-09-20 10:43:43

Next time you find yourself doubting Bitcoin thanks to the 'brilliant experts' over at MIT, Harvard, and the like, just remember that Paul Samuelson habitually overestimated Soviet economic growth (for 20 years, from 1961 to 1980).
Here’s a nice table summarizing the numbers relayed to millions of students over the decades:
https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F3b097283-1593-4655-b654-91f589187afc_654x353.png
Levy and Peart find that Samuelson was hardly alone. Successive editions of competing textbooks were also stubbornly optimistic about the USSR.
Read more on Caplan's blog:
https://www.betonit.ai/p/why_were_americhtml
#Grownostr #Bitcoin #Freedom #Economics #Soviet #Experts #EconHistory

2024-09-19 17:58:27

Nostr idea: Imagine having Nostr comments on every website! An extension could display comments from others on any URL you visit, and you'd be able to leave your own too. Thoughts?
#nostridea #nostrideas #grownostr #freespeech #censorshipresistance #asknostr

2024-09-19 14:58:34

Classic election vibes: people don’t vote because they like the bastard’s ideas. But media-induced panic over how evil the other bastard’s ideas are. ‘Yeah, he throws tariffs around, lunches shitcoins, and breaks promises left and right... but price controls?’
#grownostr #freedom #election #trump #us

2024-09-19 08:41:15

Big data won't make central planning feasible. Central planning's challenge was predicting the future since knowledge emerges from individual actions. Claiming Big Data can eliminate the need for individual actions is exactly claiming “I can build a time machine and travel to any point in a constant range of time.” Now think about:
1) your delusions of grandeur
2) the world at that time
3) the consequences of such a claim.
#grownostr #Freedom #AustrianEconomics #Bitcoin #Nostr #BigData #AI #CentralPlanning #FutureForecasting #DataScience #TechMyths #EconomicTheory #TimeMachine #Innovation #PredictiveAnalytics #TechDebate

2024-09-18 17:59:28

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what do you mean by AI stuff?

2024-09-18 15:28:02

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I was never interested in having a social media account, this one seems different

2024-09-18 14:36:51

So, this is the first post probably ever written by me in social. don't trust, verify it! #grownostr #nostr