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Peter Young (The Austrian)
TheAustrian3
The insights of the Austrian School of Economics will prove invaluable to investors navigating the distorted global economy of 2021.This 18-tweet thread walks you through the definitive guide "Austrian School
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1/ In Bitcoin is Hope @Breedlove22 writes:“Entropy is uncertainty, randomness, and disorder; it naturally pours forth from reality, and destroys the works of man over time”His words reminded me of
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7/ Inflation has become a defining aspect of our modern financial system.But it wasn't always this way.Prior to WWI, Britain's Consumer Price Index was falling.Between 1800 and 1900, at a
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There is often an overlooked tax story at the heart of humanity’s defining events.@DominicFrisby's book Daylight Robbery provides a fascinating account of the ways in which tax has shaped our
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Bitcoin is becoming more expensive by the day.Many assume its price is ascending an S-curve and will eventually stabilize. But if we are heading toward hyperbitcoinization we shouldn't expect a
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Weimar Germany's hyperinflation provides perhaps the most dramatic example of the destruction that ensues when money dies.This 16 tweet thread summarizes Adam Fergusson's definitive account, and explores the lessons we
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In 1997, "The Sovereign Individual" made predictions about the ways in which the internet will radically alter society.Many of those predictions, including the rise of "cybercash", are playing out before
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The manufacture of collectables by pre-historic humans was the first step on the road to creating money.@NickSzabo4's epic essay "Shelling Out" describes how and why this happened.This illustrated thread summarises
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To understand economic phenomena we must analyse human action, rather than material objects and their properties.Inanimate objects are dead matter. It is human reason shaping humans’ actions that rearranges matter
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