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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 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted Ideoprax

      4/ I see absolutely no evidence that the existence of the Fed feeds into / creates the penchant for taxing and spending.https://twitter.com/Ideoprax/status/1215769435656675328 …

      ⓘ Dogs don't have thumbs added,

      Ideoprax @Ideoprax
      Replying to @MorlockP @AlanMCole
      The FED induced/targeted inflation tax comes with other costs though, as it feeds the Federal penchant for spending and regulating.
      3 replies 0 retweets 12 likes
      Show this thread
    2. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      5/ Nope, this is a good take, and 99% of the arguments against it are silly and bad. https://twitter.com/ITBeHa/status/1215771087843287041 …

      ⓘ Dogs don't have thumbs added,

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    3. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      6/ so your argument is "I'd like there to be better options, but so far science hasn't come up with any" ? ok, sure, I also would like better options but US fed does a pretty good job https://twitter.com/unhygenicmacro/status/1215770579640430593 …

      ⓘ Dogs don't have thumbs added,

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      3 replies 0 retweets 12 likes
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    4. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted Ideoprax

      7/ The existence of the Fed does not enable the deficit; we had a deficit back when we were on the gold standard.https://twitter.com/Ideoprax/status/1215771857078706176 …

      ⓘ Dogs don't have thumbs added,

      Ideoprax @Ideoprax
      Replying to @Ideoprax @MorlockP @AlanMCole
      The deficit is financed in/directly by Fed printing, allowing Govt to operate in more areas and more deeply than it otherwise could.
      2 replies 1 retweet 13 likes
      Show this thread
    5. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      8/ Gold was also the currency of all sorts of other eras where we had zero growth. Perhaps the 19th century growth was fueled by opening up an entire new hemisphere of the Earth plus also the Industrial revolution ? https://twitter.com/ITBeHa/status/1215772509854892032 …

      ⓘ Dogs don't have thumbs added,

      This Tweet is unavailable.
      3 replies 0 retweets 11 likes
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    6. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      9/ Anyone with a mortgage would / should. https://twitter.com/spoonbandits/status/1215772918736719879 …

      ⓘ Dogs don't have thumbs added,

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      1 reply 0 retweets 2 likes
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    7. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      10/ OK, good clarification. US fiat currency has been really good for an extremely long time. Other fiat currencies suck. Let me narrow my hypothesis to "US fiat >> gold" https://twitter.com/unhygenicmacro/status/1215773212623196164 …

      ⓘ Dogs don't have thumbs added,

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      1 reply 0 retweets 12 likes
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    8. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      11/ yes, inflation warps the yard stick ...but so what? https://twitter.com/ITBeHa/status/1215773288837853185 …

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    9. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      12/ prices are never going to be constant - you can and do have inflation or deflation on the gold standard with USD you have the target 2% +/- random error ... so no more nor less easy to calculate than with gold https://twitter.com/ITBeHa/status/1215774959634612230 …

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    10. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted

      13/ plausible https://twitter.com/unhygenicmacro/status/1215775889482551298 …

      ⓘ Dogs don't have thumbs added,

      This Tweet is unavailable.
      2 replies 0 retweets 6 likes
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      ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

      ⓘ Dogs don't have thumbs Retweeted John Walker

      14/ I did! yep, inflation sucked.https://twitter.com/Fourmilab/status/1215776591281827841 …

      ⓘ Dogs don't have thumbs added,

      John Walker @Fourmilab
      Replying to @MorlockP @AlanMCole
      Did you live through the 1970s and 1980s? Fixed 2% inflation isn't that bad, but that assumes you can keep it fixed. A pure fiat system always (well, in 40 centuries of history) runs way eventually in one direction or another, impoverishing the society.
      3:25 PM - 10 Jan 2020
      • 5 Likes
      • Hans G. Schantz Frank Lloyd Righteous, Ph.D Misanthropologist
      3 replies 0 retweets 5 likes
        1. New conversation
        2. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

          15/ kids these days don't get "at 19% ?!!?" https://www.youtube.com/watch?v=N5C8C1WAywU …

          1 reply 0 retweets 3 likes
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        3. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

          ⓘ Dogs don't have thumbs Retweeted Alex R Dell

          16/ If your grandparents "invested" that money by piling up pieces of paper in a stack, then they deserve that. Invest in ANYTHING. Stocks. Bonds. Real estate. Comic books. Classic cars. ANYTHING. Cash is a medium of exchange, not a store of value.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …

          ⓘ Dogs don't have thumbs added,

          Alex R Dell @AlexRDell
          Replying to @MorlockP @AlanMCole
          The problem is that the 2% compounds. If your grandparents set aside $100k for you in the 1940s it would be worth $5k today, while goods cost 10 to 15 times what they did then. It’s just another way to force you into spending/giving money to banks to invest. pic.twitter.com/nWQuz4Fjx2
          4 replies 2 retweets 13 likes
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        4. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

          ⓘ Dogs don't have thumbs Retweeted Alex R Dell

          17/ Also, dude, you're counting the inflation twice. EITHER say that it's worth X now OR say that prices have gone up. But not both, because it's the exact same thing.https://twitter.com/AlexRDell/status/1215785932042801154?s=19 …

          ⓘ Dogs don't have thumbs added,

          Alex R Dell @AlexRDell
          Replying to @MorlockP @AlanMCole
          The problem is that the 2% compounds. If your grandparents set aside $100k for you in the 1940s it would be worth $5k today, while goods cost 10 to 15 times what they did then. It’s just another way to force you into spending/giving money to banks to invest. pic.twitter.com/nWQuz4Fjx2
          2 replies 1 retweet 11 likes
          Show this thread
        5. ⓘ Dogs don't have thumbs‏ @MorlockP 10 Jan 2020

          ⓘ Dogs don't have thumbs Retweeted Camping Roomba

          18/ No, this is very very wrong. Currency is MB or M0. Around $4T. US economy is $22T (GDP, I.e. earnings) or $40T (market cap, I.e. stocks) or maybe $100T (real estate, public market cap, private firms) or maybe morehttps://twitter.com/ctdonath/status/1215822173937553408?s=19 …

          ⓘ Dogs don't have thumbs added,

          Camping Roomba @ctdonath
          Replying to @MorlockP
          Currency roughly represents the total value of an economy. It’s how we slice up the economic pie. Inflation is increasing # of slices of pie; that’s actually good if it correlates to the size of the pie as it grows, keeping each size about the same so prices stay consistent.
          2 replies 0 retweets 6 likes
          Show this thread
        6. End of conversation
        1. Jure Petrovic‏ @jurepetrovic 10 Jan 2020
          Replying to @MorlockP

          @Fourmilab @AlanMCole if USD is your "mother" currency and you are still alive (max age 120yrs), you don't know what inflation is and how it feels.

          0 replies 0 retweets 1 like
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