ohai.social

Hacker NewsMercantilism<a href="https://en.wikipedia.org/wiki/Mercantilism" rel="nofollow noopener" translate="no" target="_blank">https://en.wikipedia.org/wiki/Mercantilism</a><a href="https://mastodon.social/tags/HackerNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#HackerNews</a> <a href="https://mastodon.social/tags/Mercantilism" class="mention hashtag" rel="nofollow noopener" target="_blank">#Mercantilism</a> <a href="https://mastodon.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.social/tags/History" class="mention hashtag" rel="nofollow noopener" target="_blank">#History</a> <a href="https://mastodon.social/tags/TradePolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#TradePolicy</a> <a href="https://mastodon.social/tags/Finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#Finance</a>

Europe Says<a href="https://www.europesays.com/1820450/" rel="nofollow noopener" target="_blank">https://www.europesays.com/1820450/</a> Analysis-Europe’s AI bulls pin hopes on ‘Jevons Paradox’ after DeepSeek rout <a href="https://pubeurope.com/tags/AIRevolution" class="mention hashtag" rel="nofollow noopener" target="_blank">#AIRevolution</a> <a href="https://pubeurope.com/tags/ArtificialIntelligence" class="mention hashtag" rel="nofollow noopener" target="_blank">#ArtificialIntelligence</a> <a href="https://pubeurope.com/tags/Data" class="mention hashtag" rel="nofollow noopener" target="_blank">#Data</a> <a href="https://pubeurope.com/tags/DataCentres" class="mention hashtag" rel="nofollow noopener" target="_blank">#DataCentres</a> <a href="https://pubeurope.com/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://pubeurope.com/tags/europe" class="mention hashtag" rel="nofollow noopener" target="_blank">#europe</a> <a href="https://pubeurope.com/tags/HelenJewell" class="mention hashtag" rel="nofollow noopener" target="_blank">#HelenJewell</a> <a href="https://pubeurope.com/tags/JevonsParadox" class="mention hashtag" rel="nofollow noopener" target="_blank">#JevonsParadox</a> <a href="https://pubeurope.com/tags/Nvidia" class="mention hashtag" rel="nofollow noopener" target="_blank">#Nvidia</a> <a href="https://pubeurope.com/tags/TomaszGodziek" class="mention hashtag" rel="nofollow noopener" target="_blank">#TomaszGodziek</a> <a href="https://pubeurope.com/tags/WilliamStanleyJevons" class="mention hashtag" rel="nofollow noopener" target="_blank">#WilliamStanleyJevons</a>

Crypto NewsWhy Socialism Fails: A Misesian Perspective - Socialism, despite its promises of equality and social welfare, inherently fails d... - <a href="https://news.bitcoin.com/why-socialism-fails-a-misesian-perspective/" rel="nofollow noopener" translate="no" target="_blank">https://news.bitcoin.com/why-socialism-fails-a-misesian-perspective/</a> <a href="https://schleuss.online/tags/centralizedplanning" class="mention hashtag" rel="nofollow noopener" target="_blank">#centralizedplanning</a> <a href="https://schleuss.online/tags/economiccalculation" class="mention hashtag" rel="nofollow noopener" target="_blank">#economiccalculation</a> <a href="https://schleuss.online/tags/learningandinsights" class="mention hashtag" rel="nofollow noopener" target="_blank">#learningandinsights</a> <a href="https://schleuss.online/tags/resourceallocation" class="mention hashtag" rel="nofollow noopener" target="_blank">#resourceallocation</a> <a href="https://schleuss.online/tags/economicfailure" class="mention hashtag" rel="nofollow noopener" target="_blank">#economicfailure</a> <a href="https://schleuss.online/tags/economictheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#economictheory</a> <a href="https://schleuss.online/tags/ludwigvonmises" class="mention hashtag" rel="nofollow noopener" target="_blank">#ludwigvonmises</a> <a href="https://schleuss.online/tags/misallocation" class="mention hashtag" rel="nofollow noopener" target="_blank">#misallocation</a> <a href="https://schleuss.online/tags/marketprices" class="mention hashtag" rel="nofollow noopener" target="_blank">#marketprices</a> <a href="https://schleuss.online/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://schleuss.online/tags/socialism" class="mention hashtag" rel="nofollow noopener" target="_blank">#socialism</a>

Crypto NewsMilton Friedman on Inflation: A Government-Made Disaster - Inflation is not a natural phenomenon but a consequence of government actions. Mil... - <a href="https://news.bitcoin.com/milton-friedman-on-inflation-a-government-made-disaster/" rel="nofollow noopener" translate="no" target="_blank">https://news.bitcoin.com/milton-friedman-on-inflation-a-government-made-disaster/</a> <a href="https://schleuss.online/tags/economicinstability" class="mention hashtag" rel="nofollow noopener" target="_blank">#economicinstability</a> <a href="https://schleuss.online/tags/learning" class="mention hashtag" rel="nofollow noopener" target="_blank">#learning</a>-insights <a href="https://schleuss.online/tags/governmentpolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#governmentpolicy</a> <a href="https://schleuss.online/tags/economictheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#economictheory</a> <a href="https://schleuss.online/tags/hyperinflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#hyperinflation</a> <a href="https://schleuss.online/tags/miltonfriedman" class="mention hashtag" rel="nofollow noopener" target="_blank">#miltonfriedman</a> <a href="https://schleuss.online/tags/monetarypolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#monetarypolicy</a> <a href="https://schleuss.online/tags/pricecontrols" class="mention hashtag" rel="nofollow noopener" target="_blank">#pricecontrols</a> <a href="https://schleuss.online/tags/freemarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#freemarket</a> <a href="https://schleuss.online/tags/inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#inflation</a> <a href="https://schleuss.online/tags/shortages" class="mention hashtag" rel="nofollow noopener" target="_blank">#shortages</a>

RedNirgal<a href="https://mastodon.social/tags/Capitalists" class="mention hashtag" rel="nofollow noopener" target="_blank">#Capitalists</a> understand and accept <a href="https://mastodon.social/tags/Marx" class="mention hashtag" rel="nofollow noopener" target="_blank">#Marx</a> and his <a href="https://mastodon.social/tags/economicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#economicTheory</a> more than what they think or want to admit. They know very well that <a href="https://mastodon.social/tags/machines" class="mention hashtag" rel="nofollow noopener" target="_blank">#machines</a> can't and don't create <a href="https://mastodon.social/tags/profit" class="mention hashtag" rel="nofollow noopener" target="_blank">#profit</a>. Only <a href="https://mastodon.social/tags/humanlabour" class="mention hashtag" rel="nofollow noopener" target="_blank">#humanlabour</a> produces profit.<a href="https://mastodon.social/tags/Automation" class="mention hashtag" rel="nofollow noopener" target="_blank">#Automation</a> and <a href="https://mastodon.social/tags/AI" class="mention hashtag" rel="nofollow noopener" target="_blank">#AI</a> will <a href="https://mastodon.social/tags/free" class="mention hashtag" rel="nofollow noopener" target="_blank">#free</a> <a href="https://mastodon.social/tags/humans" class="mention hashtag" rel="nofollow noopener" target="_blank">#humans</a> from certain kinds of <a href="https://mastodon.social/tags/labour" class="mention hashtag" rel="nofollow noopener" target="_blank">#labour</a> only when we abandon capitalism and the chase of profit.<a href="https://time.com/6247678/openai-chatgpt-kenya-workers/" rel="nofollow noopener" translate="no" target="_blank">https://time.com/6247678/openai-chatgpt-kenya-workers/</a>

bs2> It’s as if someone were out there making up pointless jobs just for the sake of keeping us all working. And here, precisely, lies the mystery. In capitalism, this is precisely what is not supposed to happen.. the very sort of problem <a href="https://mstdn.jp/tags/MarketCompetition" class="mention hashtag" rel="nofollow noopener" target="_blank">#MarketCompetition</a> is supposed to fix. According to <a href="https://mstdn.jp/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a>, at least, the last thing a profit-seeking firm is going to do is shell out money to workers they don’t really need to employ. <a href="https://theanarchistlibrary.org/library/david-graeber-bullshit-jobs" rel="nofollow noopener" target="_blank">https://theanarchistlibrary.org/library/david-graeber-bullshit-jobs</a> <a href="https://www.davidgraeber.org/wp-content/uploads/2013-On-the-phenomenon-of-bullshit-jobs-A-work-rant.pdf" rel="nofollow noopener" target="_blank">https://www.davidgraeber.org/wp-content/uploads/2013-On-the-phenomenon-of-bullshit-jobs-A-work-rant.pdf</a> <a href="https://mstdn.jp/tags/DavidGraeber" class="mention hashtag" rel="nofollow noopener" target="_blank">#DavidGraeber</a> <a href="https://mstdn.jp/tags/BSJ" class="mention hashtag" rel="nofollow noopener" target="_blank">#BSJ</a>

Donnie4/5 Think about it: every extra dollar in a system flushed with cash could now mean real inflation. We've been used to adding money to match our growing economy, but what happens when that growth slows or reverses? 🤔 <a href="https://mastodon.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.social/tags/InflationConcerns" class="mention hashtag" rel="nofollow noopener" target="_blank">#InflationConcerns</a>

Sophie 🏳️‍⚧️ 💜 🎹 🪗I asked for a pint of estrogen at the pharmacy, but this is all they gave me. Is this a sign of a looming recession? <a href="https://glammr.us/tags/trans" class="mention hashtag" rel="nofollow noopener" target="_blank">#trans</a> <a href="https://glammr.us/tags/estrogen" class="mention hashtag" rel="nofollow noopener" target="_blank">#estrogen</a> <a href="https://glammr.us/tags/recession" class="mention hashtag" rel="nofollow noopener" target="_blank">#recession</a> <a href="https://glammr.us/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://glammr.us/tags/PintOfEstrogen" class="mention hashtag" rel="nofollow noopener" target="_blank">#PintOfEstrogen</a>

StrypeyBank economist inadvertently admits that neoclassical economic theory has little to do with reality:"Good to see the economic theory playing out in reality, for once."<a href="https://mastodon.nzoss.nz/tags/KelvinDavidson" class="mention hashtag" rel="nofollow noopener" target="_blank">#KelvinDavidson</a>, Chief Property Economist, <a href="https://mastodon.nzoss.nz/tags/Corelogic" class="mention hashtag" rel="nofollow noopener" target="_blank">#Corelogic</a><a href="https://www.rnz.co.nz/national/programmes/morningreport/audio/2018884737/house-prices-dropping-but-still-30pct-higher-than-pre-pandemic" rel="nofollow noopener" target="_blank">https://www.rnz.co.nz/national/programmes/morningreport/audio/2018884737/house-prices-dropping-but-still-30pct-higher-than-pre-pandemic</a><a href="https://mastodon.nzoss.nz/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://mastodon.nzoss.nz/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mastodon.nzoss.nz/tags/NeoClassical" class="mention hashtag" rel="nofollow noopener" target="_blank">#NeoClassical</a> <a href="https://mastodon.nzoss.nz/tags/banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#banking</a>

MateoInteresting take on Hayek with which I wholeheartedly agree, that were it not for his crass right-wing personal politics his economic philosophy might well have been embraced by hippies.<a href="https://mapstodon.space/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mapstodon.space/tags/libertarianism" class="mention hashtag" rel="nofollow noopener" target="_blank">#libertarianism</a> <a href="https://mapstodon.space/tags/BookReview" class="mention hashtag" rel="nofollow noopener" target="_blank">#BookReview</a> <a href="https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-podcast/the-hayek-puzzle" rel="nofollow noopener" target="_blank">https://www.lrb.co.uk/podcasts-and-videos/podcasts/the-lrb-podcast/the-hayek-puzzle</a>

Daniel MackisackOn the creative vacuum of leadership, the senseless occupation of humanity...and what we all might do next."Economies and entire civilizations have been built around whatever gives people more stuff to do. But just doing stuff, isn’t enough."<a href="https://mstdn.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#Economics</a> <a href="https://mstdn.social/tags/Capitalism" class="mention hashtag" rel="nofollow noopener" target="_blank">#Capitalism</a> <a href="https://mstdn.social/tags/Violence" class="mention hashtag" rel="nofollow noopener" target="_blank">#Violence</a> <a href="https://mstdn.social/tags/BoredApes" class="mention hashtag" rel="nofollow noopener" target="_blank">#BoredApes</a> <a href="https://mstdn.social/tags/Socialism" class="mention hashtag" rel="nofollow noopener" target="_blank">#Socialism</a> <a href="https://mstdn.social/tags/JobCreation" class="mention hashtag" rel="nofollow noopener" target="_blank">#JobCreation</a> <a href="https://mstdn.social/tags/SocialTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#SocialTheory</a> <a href="https://mstdn.social/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> <a href="https://mstdn.social/tags/Automation" class="mention hashtag" rel="nofollow noopener" target="_blank">#Automation</a> <a href="https://mstdn.social/tags/BasicIncome" class="mention hashtag" rel="nofollow noopener" target="_blank">#BasicIncome</a> <a href="https://mstdn.social/tags/Creativity" class="mention hashtag" rel="nofollow noopener" target="_blank">#Creativity</a> <a href="https://mstdn.social/tags/History" class="mention hashtag" rel="nofollow noopener" target="_blank">#History</a> <a href="https://mstdn.social/tags/Inequality" class="mention hashtag" rel="nofollow noopener" target="_blank">#Inequality</a><a href="https://medium.com/best-guess/bored-apes-2ef3be50cf0e" rel="nofollow noopener" target="_blank">https://medium.com/best-guess/bored-apes-2ef3be50cf0e</a>

DTCochrane<a href="https://econtwitter.net/tags/EconomicTheory" class="mention hashtag" rel="nofollow noopener" target="_blank">#EconomicTheory</a> must account for <a href="https://econtwitter.net/tags/power" class="mention hashtag" rel="nofollow noopener" target="_blank">#power</a>.

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