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@ThomasSowell book is fantastic!#BasicEconomicsThanks. Twitter will use this info to make your timeline better. UndoUndo -
“The degree of income inequality over a working lifetime is less than the degree of income inequality in any given year during those lifetimes” - more Sowell.
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“Often the rich, and the poor, are the same people at different stages of their lives” - Thomas Sowell, Basic Economics.
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PH Retweeted
The City of Los Angeles is suing the app's developers for allegedly failing to disclose that location data is used for more than just accurate forecasts. https://cnet.co/2AwsZ7M via
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#socialists can you help answer a question. Imagine a novelist, does he get to own the proceeds to his novels? Or do the proceeds get equally divided amongst the workers at the printing press? And how much does the author earn? Who decides?@OfficialSPGBThanks. Twitter will use this info to make your timeline better. UndoUndo -
Workers are also free to own the means of production in capitalism... it’s called a co-operative.
#socialism isn’t about fairness where workers own the means of production. It’s about stealing the means of production from others.Thanks. Twitter will use this info to make your timeline better. UndoUndo -
I keep forgetting how powerful git bisect is as a debugging tool
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PH Retweeted
Unless you can stop bitcoin working (good luck!) or stop gov't inflation (good luck!) your thoughts & actions are irrelevant to economic reality imposing itself in the long run: harder money will hold value rewarding its holders, while easy money loses value punishing its holders
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PH Retweeted
We should replace all juries with diversity experts who can assign guilt or innocence based on quotas.pic.twitter.com/wllhtJTZps
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I think it’s fairly obvious that the way to reduce rail fares and improve service quality is to introduce competition. Not force prices down from the government funded monopoly.
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PH Retweeted
Why does Venezuela have shortages in practically everything? Simple. Price controls! When the government imposes artificially low prices, consumers demand more of a good than producers can supply. When this artificial demand exceeds supply, shortages emerge. Basic stuff!
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Oh wait, I know the answer, it’s better regulation right?
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I have seen first hand how regulation designed to protect the consumer actually harms them. Yet many call for more regulation to protect consumers. I wonder how many of those have actually worked ok regulated industries... probably very few.
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PH Retweeted
Please stop saying "You can't joke about anything anymore". You can. You can joke about whatever the fuck you like. And some people won't like it and they will tell you they don't like it. And then it's up to you whether you give a fuck or not. And so on. It's a good system.
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I might start selling tech this way, so you give me £600 and I’ll give you an awesome top spec MacBook Pro... or I might give you a Chromecast. You have to accept what you get and you don’t really have any way to complain or exchange what you get.
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I’ve thought of a new business model. You pay me money, and I might give you something in return depending on how I assess your needs.
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PH Retweeted
HMV failed because Amazon Netflix and Spotify offer a better service, at a better price. It used to be £20 for a CD in HMV I pay £9.99 a month for Spotify & Neflix. Unlimited music, films and shows. This isn't a failure of capitalism, but capitalism working perfectly!
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PH Retweeted
Governments and corporations have fostered a fourth function of money that has subordinated all other functions: system-of-control. It ensures that political dissent can be effectively snuffed at the bank, without appeal or recourse. We exit.
#Bitcoinhttps://youtu.be/FyK4P7ZdOK8?t=381 …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
PH Retweeted
I bet the government will still clamp down to the point that will suck every last bit of fun from legitimate drone use. They'll introduce new rules and regulations which as we all know, criminals will be lining up to follow
#droneshttps://twitter.com/TelegraphNews/status/1078978064565129216 …Thanks. Twitter will use this info to make your timeline better. UndoUndo
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