Per Bylund @PerBylund
The world needs economic literacy. Aso prof #entrepreneurship @okstate. And @Ratio_Institute, @mises Books: https://t.co/vgTuivOv8H Tweets my own. PerBylund.com Oklahoma, USA Joined September 2011-
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To "consume," in #economics, means to use something toward satisfying a want. It does not mean "use up" or "destroy" or "buy." Consumption is the purpose of one's actions and goal of production. We consume sunsets and ballet performances as much as we consume food or clothing.
Goods are not subjective, you say? Then explain why someone who deposits a coin into a bank account is perfectly fine to get a similar (but not the same) coin back later, but that this does not apply to their lucky coin placed in a bank deposit box.
This coupon code will soon expire. So if you want to get your copy of this great anthology at 40% off, now is the time...
This coupon code will soon expire. So if you want to get your copy of this great anthology at 40% off, now is the time...
Potentially of interest. I'll do my best to attend.
Potentially of interest. I'll do my best to attend.
In 1854, so 170 years ago: - Liverpool had more inhabitants than Moscow - Manchester was larger than Madrid - Leeds was larger than Milan - Birmingham was larger than Rome - Dundee was larger than Valencia - Bath was larger than Frankfurt - and Paisley larger than Athens
You can get some real economic education by reading @PerBylund's book How To Think About The Economy, available here at the Mises Bookstore: store.mises.org/How-to-Think-a…
You can get some real economic education by reading @PerBylund's book How To Think About The Economy, available here at the Mises Bookstore: store.mises.org/How-to-Think-a… https://t.co/RlTP7ptnkJ
Economic Education Has Become Economic Disinformation | @PerBylund The attempt by the mainstream economics profession to create economic literacy has turned into a movement to promote economic illiteracy. mises.org/mises-wire/eco…
"it's clear it doesn't work" lol
"it's clear it doesn't work" lol https://t.co/VFafjfjssn
A classic. Keynes knew "very little" about economics.
Changing the definition is one way of "fighting" inflation, I guess. This is the expected result of using statistics instead of real economic concepts. We see it with GDP too, where tampering with the statistic is an easier "solution" than creating higher standard of living.
Changing the definition is one way of "fighting" inflation, I guess. This is the expected result of using statistics instead of real economic concepts. We see it with GDP too, where tampering with the statistic is an easier "solution" than creating higher standard of living.
Hayek on Friedman the Keynesian youtube.com/watch?v=fXqc-y…
Sometimes (far from always) Milton Friedman is good. It really is quite funny how he demolishes MMTers in this pretty old video. youtube.com/watch?v=u6GWm0…
When I ask for your argument, I don't want to hear your opinion. I couldn't care less. What I want to know is your reason, the rationale, for considering or accepting what you said. And it better be based on fact or logic, or you don't actually have an argument--you have nothing.
Spot on. It's funny how MMTers cannot understand this simple fact. They don't recognize opportunity cost yet claim they "account for" scarcity. It's much like eating a cake and having it too. When there really is no cake.
Spot on. It's funny how MMTers cannot understand this simple fact. They don't recognize opportunity cost yet claim they "account for" scarcity. It's much like eating a cake and having it too. When there really is no cake.
The Simpsons in the 1950s
Sadly true. I wrote about this yesterday: "Economic Education Has Become Economic Disinformation" mises.org/mises-wire/eco…
Sadly true. I wrote about this yesterday: "Economic Education Has Become Economic Disinformation" mises.org/mises-wire/eco…
Robert P. Murphy @BobMurphyEcon
96K Followers 1K Following Christian, economist, & theorist of nonviolent mechanisms. Chief Economist @infineogroup, S Fellow Mises Institute. Author of *Choice*. https://t.co/5oHTfPomHI
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Tom Woods @ThomasEWoods
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96K Followers 1K Following Christian, economist, & theorist of nonviolent mechanisms. Chief Economist @infineogroup, S Fellow Mises Institute. Author of *Choice*. https://t.co/5oHTfPomHI
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176K Followers 5K Following Hayek Lifetime Achievement Award 2019; https://t.co/K6VyBJLsro If I block you, draw no flattering conclusion; I'm busy, and you're an idiot.
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180K Followers 1K Following Everyone, in his own interests, must thrust himself vigorously into the intellectual battle. - Ludwig von Mises | ✉️ subscription below | IG: misesinstitute
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15 Followers 81 Following I'm just a libertarian girl in an authoritarian world.
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2K Followers 2K Following Prof. & Assoc. Dean Research & External Relations @faubusiness 🦉❤️ family, freedom, education, research, teaching, beach runs, & bike rides. Views my own.
OMFG! @TuftsUniversity really did spend 3 years and millions of dollars of NIH funding to tell us that Honey Nut Cheerios are healthier than fried eggs and ground beef. How can we ever regain trust in scientists again?
black coffee?
Oh here it is: Starbucks developing a zero to low calorie energy beverage. $SBUX
@PerBylund I think it is Mill who used the term ‘invest’ in the best way. You invest ie employ your savings into a consumption good or a capital good. These terms are meaningless since The State got in the business of running the economy. Sad.
Remains true
Many Gen X and Millennial children of immigrants are not bilingual because there was a popular belief that speaking to children in multiple languages would 'confuse' them and prevent them from learning either language properly. It's a shame. I could have been trilingual.
@PerBylund Thanks for your input. I was leaning towards "better than our current digital fiat" myself.
Are they unmarried because they are liberal? Or are they liberal because they are unmarried?
Unmarried women favor Democrats by a whopping 37%. Every other group favors Republicans ...... The cat ladies are literally ruining this country. 🤔🚨
Mark your calendars and join us!
Join us on May 1st when George Selgin will be the speaker for the second of our Spring series webinars on the topic of free banking. Please note the webinar starts at 3pm. #webinar #freebanking #currency Register now: buff.ly/3VBe4Ds
@PerBylund "Monopoly" is my "anti-favorite" example of this.
Genetics don’t play a meaningful role in making you gain weight. And genetics don’t prevent you from losing excess weight. People hate to hear this. But it’s still true.
"They say -'you should define the productive model for the next 5 years'. What? A 5-year plan? I'm not Leontief, I'm not a communist. I am a liberal-libertarian! I believe in freedom!" -President Javier Milei #ArgentinaInvestment #MileiInEnglish #MileiSubtitled
@KevinTartis @PerBylund And he's the right target. Friedman is celebrated as some angel of free market but his words mostly don't match. Walter Block has even wrote a paper titled "Friedman a socialist"
@PerBylund I know. Of course. Am just being a littke obnoxious.
@PerBylund Not just that, why do we value the same or even more a promise to give us back a similar coin?
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