Thus, we have this academia machine where evil manipulators (Marxist professors) create more Marxists by fooling naive optimists (young college students) through the propagation of magical thinking rather than clear thinking.
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Mimetïc Value Retweeted Mimetïc Value
Go back and reread this tweet. This is the point most people miss. These Marxist professors aren't stupid. They are very clever, knowledgeable, and charismatic when it comes to their jobs. If they weren't, nobody would fall for it.https://twitter.com/MimeticValue/status/1015397387337125888 …
Mimetïc Value added,
Mimetïc Value @MimeticValueWhen people go study liberal arts, they get Marxist professors. And they are brilliant at what they do. They can sound clever and insightful when analyzing art and literature. Due to halo effect, students assume that they also know what they are talking about in economics.Show this thread3 replies 2 retweets 19 likesShow this thread -
Mimetïc Value Retweeted Eve Keneinan 𝛗 ☦️ن
When Nietzsche said "God is dead," there were consequences. "What we’re seeking is an experience of being alive" - Joseph Campbell. Thus, students turn to their guru--their Marxist professor.https://twitter.com/EveKeneinan/status/1012387693114937344 …
Mimetïc Value added,
Eve Keneinan 𝛗 ☦️ن @EveKeneinanSocratic optimism proves insufficient to overcome the tragic dimension of life. Soon enough, the highest ideal of the philosopher and sage becomes RESIGNATION—to a world in which human nature is, as Aristotle again says, “in many ways, enslaved.” Stoicism is the culmination.Show this thread2 replies 1 retweet 13 likesShow this thread -
Mimetïc Value Retweeted Eve Keneinan 𝛗 ☦️ن
The highest value romantic liberal arts students seek is not monetary value. They don't care about money. They just want to feel alive and experience meaning. The previous role for this was religion. Now it's Marxism.https://twitter.com/EveKeneinan/status/1012389974883405824 …
Mimetïc Value added,
Eve Keneinan 𝛗 ☦️ن @EveKeneinanOur greatest minds have grappled with this problem—the Death of God or the Eclipse of God—for 200+ years. “We don’t need God! Man can create heaven on earth!” was the cry of the 20th century, particularly in Communism and Fascism. We know how THAT worked out.Show this thread2 replies 6 retweets 30 likesShow this thread -
The danger here is that Marxism promotes misunderstanding of money. Religion was orthogonal to the understanding of money. Thus, man sought to escape the (sometimes beneficial) magical thinking of religion only to fall into far more harmful magical thinking.
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Mimetïc Value Retweeted Mimetïc Value
Be careful of which mental models you choose to use. Wrong doesn't mean stupid. Smart people can be very wrong. "We recognized early that very smart people do very dumb things, and we wanted to know why and who, so we could avoid them." - Charlie Mungerhttps://twitter.com/MimeticValue/status/1015402385714368512 …
Mimetïc Value added,
Mimetïc Value @MimeticValueGo back and reread this tweet. This is the point most people miss. These Marxist professors aren't stupid. They are very clever, knowledgeable, and charismatic when it comes to their jobs. If they weren't, nobody would fall for it. https://twitter.com/MimeticValue/status/1015397387337125888 …Show this thread2 replies 2 retweets 19 likesShow this thread -
@nntaleb recognized that Marx was original: "The 4 most influential moderns: Darwin, Marx, Freud, and Einstein were scholars, not academics. It has always been hard to do genuine work within institutions." But remember not all original thinkers are correct or good.2 replies 3 retweets 24 likesShow this thread -
"When hiring, look for 3 things: intelligence, energy, and character. If they don't have the last one, the first two will kill you." - Warren Buffett
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When Marxists critique capitalism, they are criticizing consumerism and inequality, which are amplified through fiat and credit. Fair enough. But they fail to understand the mechanisms of sound money that can regulate levels of consumerism and inequality.
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Labor theory of value is nonsense. Value is determined by a consensus network of reciprocal exchange. The underlying logic of money markets is mimetic. Marxists are materialist essentialists who fail to comprehend the mimetic nature of our desires.
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underlying logic of financial asset prices is not solely mimetic else bubbles would never pop
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Replying to @_Vimothy_
1. Non-government controlled money is purely mimetic. 2. Bonds and stocks are not solely mimetic. 3. Mimetic theory accounts for bubble pops. Saying that it doesn't is like saying mimetic desires never lead to mimetic conflicts or the crisis event.
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Replying to @MimeticValue
1, money is just another liability with a non-pecuniary yield related to its liquidity. it's value can therefore be determined in the same way that any other asset can, after adjusting for this premium. 2, no financial asset is solely mimetic 3, how?
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Replying to @_Vimothy_
I don't understand your first point. How is money non-pecuniary?
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