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NickSzabo4's profile
Nick Szabo 🔑
Nick Szabo 🔑
Nick Szabo  🔑
@NickSzabo4

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Nick Szabo  🔑

@NickSzabo4

Blockchain, cryptocurrency, and smart contracts pioneer. (RT/Fav/Follow does not imply endorsement). Blog: http://unenumerated.blogspot.com 

Joined June 2014

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    1. Jeff Vandrew Jr‏ @vandrewattycpa Jul 14
      • Report Tweet

      Jeff Vandrew Jr Retweeted Paul Graham

      Everyone has an explanation for the "something" that happened in the late 70s (or "1980" here) that drove inequality. They're all Rube-Goldberg explanations designed to avoid the obvious real explanation: the after effects of the fiat dollar created in 1971.https://twitter.com/paulg/status/1150099985268006912 …

      Jeff Vandrew Jr added,

      Paul GrahamVerified account @paulg
      Something changed in the US around 1980. I was there when it happened, and what happened was that the country shifted from a model that was a market economy at the macro scale but not at the level of individuals to a market all the way down (if you wanted it to be). pic.twitter.com/Xvcd3pFHxx
      Show this thread
      9 replies 117 retweets 347 likes
    2. Nick Szabo  🔑‏ @NickSzabo4 Jul 14
      • Report Tweet
      Replying to @vandrewattycpa

      Nick Szabo  🔑 Retweeted Nick Szabo  🔑

      And here's the main way fiat increases inequalityhttps://twitter.com/NickSzabo4/status/1031232173561368576 …

      Nick Szabo  🔑 added,

      Nick Szabo  🔑 @NickSzabo4
      The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about." https://mises.org/library/how-central-banking-increased-inequality … https://en.wikipedia.org/wiki/Richard_Cantillon …
      4 replies 40 retweets 154 likes
    3. Wizard Will  🧙‍♂️ 🎃‏ @prophetw205 Jul 14
      • Report Tweet
      Replying to @NickSzabo4 @vandrewattycpa

      Wizard Will  🧙‍♂️ 🎃 Retweeted Emma Muhleman CFA CPA

      https://twitter.com/emmamuhleman1/status/1134488049524436993?s=21 …

      Wizard Will  🧙‍♂️ 🎃 added,

      Emma Muhleman CFA CPA @EmmaMuhleman1
      Replying to @prophetw205 @capitalistexp
      Negative interest rates are the most clear and undeniable form of central bank repression. Not only a source of enormous malinvestment, negative rates are an indirect assault on freedom and individual liberty. #CentralBanks
      2 replies 0 retweets 6 likes
      Nick Szabo  🔑‏ @NickSzabo4 Jul 14
      • Report Tweet
      Replying to @prophetw205 @vandrewattycpa

      To work, negative interest rates require pension funds to be captive to obsolete allocation schemes (C% to "safe bonds", even when cash would have a higher return) and, when in the future that fails, would ultimately have to try to ban non-censorable money.

      2:46 PM - 14 Jul 2019
      • 12 Retweets
      • 59 Likes
      • Vivek 🇮🇳 🇪🇪 Chetan Chawla Heavily Armed Clown OrangeCoinMemes Zechariah the Great Orthzar Ben Prentice harlohash Barbie Trades
      1 reply 12 retweets 59 likes
        1. ɟɥnɹ‾Ɔ  🌮 ⚡️ 🔑‏ @C_ruhf Jul 16
          • Report Tweet
          Replying to @NickSzabo4 @vandrewattycpa

          ɟɥnɹ‾Ɔ  🌮 ⚡️ 🔑 Retweeted La nuit sera calme

          Pension funds are captive in most of Europe. 👇https://twitter.com/NuitSeraCalme/status/1149907750643572736 …

          ɟɥnɹ‾Ɔ  🌮 ⚡️ 🔑 added,

          La nuit sera calme @NuitSeraCalme
          Charles Gave on the stupidity of negative interest rates... Not sure how this can be called a market economy... https://gallery.mailchimp.com/7372687636bfa669f0a51ec26/files/3ee5faf6-38fe-412b-9305-83fcbc417eb2/2019_07_04_Betting_Against_The_Gods_Is_Now_Impossible_Charles_Gave.pdf … pic.twitter.com/8fC5sCmk4A
          0 replies 0 retweets 1 like
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