What causes #poverty? Nothing. It's the original state, the default and starting point. The real question is, What causes #prosperity?
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Per Bylund
@PerBylund
Assoc prof #entrepreneurship
Books amazon.com/author/perbylu
Cols tinyurl.com/p3aj8nry
Sr Fellow mises.org/bylund
Tweets my own.
Per Bylund’s Tweets
"Science is to question everything"
"...except The Scientific Method™!"
🤔
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Twitter Analytics is broken.
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#Speeding--driving faster than some posted "max" speed--shouldn't be a crime. It's entirely arbitrary that driving 26 mph in my neighborhood is a crime (!) but 25 mph is not. Speed has no victims.
Reckless driving that endangers others is a different matter. Regardless of speed.
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How is owning a company, even one that you started and grew, "hoarding wealth"?
It isn't by any reasonable definition of "hoarding." Either Prof. Reich believes what he's saying here and thus is an idiot, or he writes this with the purpose of making you into one.
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Billionaires lost $1.9 trillion in 2022.
Elon Musk lost $115 billion.
Jeff Bezos lost $80 billion.
Mark Zuckerberg lost $78 billion.
None of this has any real consequence on their daily lives.
Hoarding wealth like this is grotesque.
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Join , , , and in Tampa! We will meet at The Centre Club on Saturday, February 25, 2023, from 10:00 a.m. to 2:00 p.m. Visit Mises.org/Tampa for more information and to register.
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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Odd take. Those fees are for using money one does not have, not for having little of it.
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Overdraft fees were created in 1990 and exist to punish people for being broke. Abolish them.
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I'm so tired of having my reply threads cluttered with bald "no virus" statements. Here's why I don't understand the obsession with isolation. /1
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"The economy and society are two sides of the same coin. It is not possible to separate the market process from society and civilization."
--Bylund, "How to Think about the Economy: A Primer" (p. 91)
Download a free copy or buy at
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"Still arriving today" is a strange notification to get for a package that was out for delivery yesterday but never made it all the way.
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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Główny argument MMT głosi, że rząd fałszuje pieniądze, że powinien to robić oraz że powinien wykorzystywać tę zdolność do maksimum. Mamy tutaj zatem jedną obserwację i dwa twierdzenia normatywne, przez co MMT nie jest ani teorią, ani wyjaśnieniem rzeczywistości.
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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😍
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The really good Economic thinkers that can connect on a personal level without being overly emotional. Rothbard was great at that, and @PerBylund is really good at that in today's era. If you haven't read his primer yet, I highly recommend it.
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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Join , , and more in Tampa for our first event of 2023, discussing "How to Think about the Economy."
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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The core argument of #MMT is that the government is a counterfeiting operation, that it should be one, and that it should use that power to the max. That's one observation and two normative claims, which makes MMT neither a theory nor an explanation.
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Correction: I guess for a lot of people this is more accurate
"I don't like veggies; I have been told I should like meat. Someone on TV/radio said burgers don't taste good, so they are obviously veggies."
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How politics work (judging from Reps/Dems):
"I don't like veggies, I like meat. This burger doesn't taste good, so it must be a veggie."
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A problem with a lot of entrepreneurs is that they do not realize they are artists. A problem with a lot of artists is that they do not realize they are entrepreneurs.
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Replying to
For me, entrepreneurship is the act of attempting to satisfy future demand, whatever it may be, which implies uncertainty-bearing and creativity in imagining the future structure of the market. It's the uncertain investment, not the managing of an existing organization.
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It was great to chat with Tom about something I care strongly about: economic understanding.
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After reading @PerBylund 's book we knew we had to chat with him! He breaks down complex concepts with amazing simplicity. On this episode we cover Austrian Economics, money and market distortions. 
rockstarinnercircle.com/podcasts/per-b
fountain.fm/episode/130129
rockstarinnercircle.com/podcasts/per-b
fountain.fm/episode/130129
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Austrian business cycle theory in a short format and explained in simple terms. Chapter 8 of my #economics primer. Read the chapter for free here:
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After reading 's book we knew we had to chat with him! He breaks down complex concepts with amazing simplicity. On this episode we cover Austrian Economics, money and market distortions. 🔥🔥🔥
🎧 rockstarinnercircle.com/podcasts/per-b
🎙️fountain.fm/episode/130129
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A problem with a lot of entrepreneurs is that they do not realize they are artists. A problem with a lot of artists is that they do not realize they are entrepreneurs.
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new people must be brought into the ponzi, lest your teenage years were a waste twitter.com/WhiteHouse/sta
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I guess this means we're back to that peak scientific understanding that history books will refer to as "2019"?
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Brand new Cochrane (gold standard) meta analysis of face masks concludes that it likely makes no difference at all to getting flu or Covid.
cochranelibrary.com/cdsr/doi/10.10
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"...the scientific community from the CDC to the WHO to the FDA and their representatives, repeatedly overstated the evidence and misled the public about its own views and policies...."
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My op-ed for @Newsweek
It's Time for the Scientific Community to Admit We Were Wrong About COIVD and It Cost Lives
newsweek.com/its-time-scien
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Excellent point.
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A problem with a lot of entrepreneurs is that they do not realize they are artists. A problem with a lot of artists is that they do not realize they are entrepreneurs.
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Problem wielu przedsiębiorców polega na tym, że nie zdają sobie sprawy, że są artystami.
Problem wielu artystów polega na tym, że nie zdają sobie sprawy, że są przedsiębiorcami.
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A problem with a lot of entrepreneurs is that they do not realize they are artists. A problem with a lot of artists is that they do not realize they are entrepreneurs.
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Oh! This is a really good one! 👇
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A problem with a lot of entrepreneurs is that they do not realize they are artists. A problem with a lot of artists is that they do not realize they are entrepreneurs.
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🟢 will be joining us as a speaker for the Libertarian Solutions 3.0 online learning course. His presentation, entitled "Responses to Common Objections to Open Migration," will be held on April 1st, 2023. ➡️ Enroll now liberty-intl.org/ls3
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FTR, both artists and entrepreneurs are in the business of creating novelty, breaking new ground, testing boundaries, trying new things, expanding horizons.
Entrepreneurs generally recognize that they need their creations to speak to consumers, whereas artists typically do not.
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