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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 16 Aug 2021

      A very smart friend who is not red tribe, and is not prone to hyperbole is discussing the ongoing collapse of the Mandate of Heaven, and suggested the chance of ~ 100% annual inflation as said Mandate unwinds This does not seem likely to me...but maybe normalcy bias on my part?

      13 replies 4 retweets 56 likes
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    2. ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

      2/ I'm curious re your opinions. USD inflation at a rate of 100%/yr for at least 2 quarters running, sometime in next 10 years?

      12 replies 0 retweets 14 likes
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    3. ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

      ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1

      3/ hmmm... expand, plz?https://twitter.com/wraithburn/status/1427256386287722499 …

      ⓘ Dogs don't have thumbs added,

      Prometheus 2.1 @wraithburn
      Replying to @MorlockP
      I voted for < 1% because I think we will be deflating, _despite_ printing buckets of money.
      2 replies 0 retweets 16 likes
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    4. ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

      ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1

      4/ deflation is endemic when you have hard currency, because you can't adjust the supply to meet demand so, the Panic of 1837 is a good example of why fiat currency is Good and the Fed Reserve is Good, I'd assert not comparable to 2021https://twitter.com/wraithburn/status/1427261563317243904 …

      ⓘ Dogs don't have thumbs added,

      Prometheus 2.1 @wraithburn
      Replying to @MorlockP
      Ok, so I've mentioned The Rise and Fall of a Frontier Entrepreneur before, right? The current conditions are similar in many ways to what Benjamin Rathbun ran into back just before the Panic of 1837. That is, nobody could get their hands on money.
      3 replies 0 retweets 15 likes
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    5. ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

      ⓘ Dogs don't have thumbs Retweeted Anastacia Romero

      5/ still don't understand why we'd ever have deflation when it's trivial to solve with paper and inkhttps://twitter.com/AniRome05496357/status/1427261056485928973 …

      ⓘ Dogs don't have thumbs added,

      Anastacia Romero @AniRome05496357
      Replying to @MorlockP
      Inflation reaches 7-8% for 2-3 yrs which is enough to shave off a third of the purchasing value or so. Then they enact a federal VAT and raise rates to control inflation and keep the gravy train going. Then we have an asset crash and deflation.
      2 replies 0 retweets 12 likes
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      ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

      ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1

      6/ so you're arguing that (a) deflation will happen if we pay off our credit, but (b) we will not pay off our credit, and in fact will borrow more right? so I'm again losthttps://twitter.com/wraithburn/status/1427262644566757387 …

      ⓘ Dogs don't have thumbs added,

      Prometheus 2.1 @wraithburn
      Replying to @wraithburn @MorlockP
      So if our money is credit, whenever credit is payed off or written off that money goes away. The need to pay the interest on said credit though, demands yet more credit to pay for it.
      6:36 AM - 16 Aug 2021
      • 15 Likes
      • Radagast 🌋 Àdhamh Cynebeald zywiec Rear Admiral Levine Random Guy An Aging Scientist
      2 replies 0 retweets 15 likes
        1. ⓘ Dogs don't have thumbs‏ @MorlockP 16 Aug 2021

          ⓘ Dogs don't have thumbs Retweeted John Walker

          7/https://twitter.com/Fourmilab/status/1427265821789851651 …

          ⓘ Dogs don't have thumbs added,

          John Walker @Fourmilab
          Replying to @MorlockP
          I consider 25% likely as a low estimate due to three simple reasons. 1. Inflation benefits debtors at the expense of creditors. 2. The U.S. government is the world's largest debtor. 3. The U.S. government controls the creation of US$.
          1 reply 0 retweets 21 likes
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        1. Prometheus 2.1‏ @wraithburn 16 Aug 2021
          Replying to @MorlockP

          Did the follow on tweets clarify things?

          0 replies 0 retweets 1 like
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