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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. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

      ⓘ Dogs don't have thumbs Retweeted

      fractional reserve banking is actually good, and loaning money into existence is good too, and every time you do a friend a favor and say "pay me back later" you have created currency and that is excellent https://twitter.com/NinjaMa31969964/status/1188917420049735681 …

      ⓘ Dogs don't have thumbs added,

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    2. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

      2/ in software there's a theory that pointers ( a kind of variable that holds a value, but that value is a LOCATION IN MEMORY to where some other value is stored) are a hurdle that 80% of would be engineers can never grok, because it's one meta level too far

      2 replies 0 retweets 13 likes
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      ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

      3/ I assert a similar thing about people who can't wrap their heads around interest, fractional reserve banking, etc. The complaints are usually based on misunderstanding, or just NOT BEING ABLE to understand certain things. e.g. interest is not "payment for nothing" >

      1:41 PM - 28 Oct 2019
      • 2 Retweets
      • 12 Likes
      • Ljubomir Josifovski Joseph Miller zywiec Some Other Nick Arthur Niculitcheff Honktrain Don't Cry in Front of the Mexicans Gabo  Neanderthal Dorothy Montgomery
      1 reply 2 retweets 12 likes
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        2. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          4/ interest is an exchange of disimilar goods - trading apples for oranges. The apples are "dollars in year X", the oranges are "dollars in year Y". It would be quite odd if apples and oranges exchanged at exactly a 1:1 ratio; same with dollars in 2019 and 2025.

          2 replies 0 retweets 8 likes
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        3. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          5/ Goldbugs don't understand that "if people are willing to trade it then it is currency". YEAH BUT MARLICK, IT'S PAPER, NOT ACTUALLY REAL GOLD, SO YOU SEE- sigh so you've made up a theory that, like Marxism, is disproven by literally the entire world ok, great, you win

          2 replies 0 retweets 13 likes
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        4. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          6/ Fractional reserve banking antagonists get upset in exactly the way that "the constitution says that blacks are worth 3/5 of whites" people get upset - they exactly misunderstand what's going on. In the Const, it was an attempt to LIMIT slave states, not empower them.

          1 reply 2 retweets 12 likes
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        5. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          7/ Fractional reserve banking is likewise misunderstood - by requiring assets on hand, it is a huge LIMIT on loan generation. If I fix your flat tire and you give me an IOU for $100 and I trade that IOU to your neighbor for an old swing set, we've "created currency".

          1 reply 0 retweets 7 likes
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        6. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          8/ Why, exactly, is it bad that the currency "is debt"? I did some work up front - I fixed a tire. That is a productive good thing. It increased the amount of wealth in the universe. Now we're using that as a basis to move a piece of paper around, which creates liquidity.

          1 reply 1 retweet 8 likes
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        7. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          9/ what fractional reserve banking does is set LIMITS on how much of this natural behavior we can do.

          1 reply 0 retweets 8 likes
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        8. ⓘ Dogs don't have thumbs‏ @MorlockP 28 Oct 2019

          ⓘ Dogs don't have thumbs Retweeted

          10/ a man of intellect and sophistication --> https://twitter.com/stephengracin/status/1188920316099284992 …

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        9. End of conversation

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