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MorlockP's profile
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
ⓘ Dogs don't have thumbs
@MorlockP

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ⓘ Dogs don't have thumbs

@MorlockP

Two-time Prometheus award-winning hard science fiction author. https://www.amazon.com/dp/B005JPPMS6  Learn how to homestead https://www.amazon.com/dp/B093BC3K1T 

Aristillus Crater, Luna
amazon.com/dp/B005JPPMS6
Joined June 2012

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    1. Prometheus 2.1‏ @wraithburn 22 May 2019

      Babylonian scribal students were trained already c. 2000 BC in the mathematics of compound interest. Their school exercises asked them to calculate how long it took a debt at interest of 1/60th per month to double. The answer is 60 months: five years. How long to quadruple? /1

      1 reply 4 retweets 2 likes
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    2. Prometheus 2.1‏ @wraithburn 22 May 2019

      Ten years. How long to multiply 64 times? Thirty years. It must have been obvious that no economy can grow in keeping with this rate of increase. /2

      1 reply 0 retweets 0 likes
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    3. Prometheus 2.1‏ @wraithburn 22 May 2019

      Babylonian training exercises grasped that herds and production grow in S-curves, tapering off -- while debts mount up, ever growing at interest. This tendency for debts to accrue faster than the economy can grow is missing from today's academic curriculum. /fin

      2 replies 0 retweets 3 likes
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    4. Prometheus 2.1‏ @wraithburn 22 May 2019

      Whoops! Best part is the next sentence... so here's some more tweets.

      1 reply 0 retweets 0 likes
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    5. Prometheus 2.1‏ @wraithburn 22 May 2019

      Mainstream economic models assume that financial trends are self-correcting to restore balance. The reality is that debts growing at compound interest tend to polarize and impoverish economies, if not corrected from "outside" the economy.

      1 reply 1 retweet 3 likes
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    6. Prometheus 2.1‏ @wraithburn 22 May 2019

      Sumerians, Babylonians and their Near Eastern neighbors recognized the need for this action.

      1 reply 0 retweets 0 likes
      Show this thread
    7. Prometheus 2.1‏ @wraithburn 22 May 2019

      Today's "free enterprise" model-builders deny that debt writeoffs are needed. Modern ideology endorses chronic indebtedness as normal, despite debt service drying up the internal market and forcing a widening range of debtors into financial dependency.

      2 replies 0 retweets 1 like
      Show this thread
    8. Frank Lloyd Righteous, Ph.D Misanthropologist‏ @BostonDelendEst 22 May 2019
      Replying to @wraithburn

      I don't think I've heard anybody say that we shouldn't have bankruptcy. It is in fact expressly provided for in the Constitution as one of Congress's powers.

      1 reply 0 retweets 0 likes
    9. Prometheus 2.1‏ @wraithburn 22 May 2019
      Replying to @BostonDelendEst

      I'm quoting And Forgive Them Their Debts by Dr. Hudson.

      1 reply 0 retweets 0 likes
    10. Frank Lloyd Righteous, Ph.D Misanthropologist‏ @BostonDelendEst 22 May 2019
      Replying to @wraithburn

      Seems like a shitty way to have a system that runs on settled expectations and orderly procedures.

      1 reply 0 retweets 0 likes
      ⓘ Dogs don't have thumbs‏ @MorlockP 22 May 2019
      Replying to @BostonDelendEst @wraithburn

      GAHHHHHHHHHHHHHHHH if only English typography had some way to clue the reader in that a quotation has started

      2:59 PM - 22 May 2019
      • 5 Likes
      • Elam Bend cyr JeffDavidson #OMC_H Prometheus 2.1 Frank Lloyd Righteous, Ph.D Misanthropologist
      2 replies 0 retweets 5 likes
        1. Frank Lloyd Righteous, Ph.D Misanthropologist‏ @BostonDelendEst 22 May 2019
          Replying to @MorlockP @wraithburn

          Like indentation of the passage? 🤔

          0 replies 0 retweets 2 likes
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        1. New conversation
        2. Prometheus 2.1‏ @wraithburn 22 May 2019
          Replying to @MorlockP @BostonDelendEst

          I'm a rebel

          1 reply 0 retweets 1 like
        3. Frank Lloyd Righteous, Ph.D Misanthropologist‏ @BostonDelendEst 22 May 2019
          Replying to @wraithburn @MorlockP

          Narrator voice: And ironically, he was roasted to death over the very coals that he lit so well.

          0 replies 0 retweets 1 like
        4. End of conversation

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