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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr Mar 25
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      I think there’s a big story on the non-financial economy. What are you doing that’s keeping the economy spinning without activity being routed through the financial system? The thing I hate most about this situation is the the degree to which everything routes through dollars.

      6 replies 5 retweets 46 likes
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    2. Venkatesh Rao‏ @vgr Mar 25
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      Venkatesh Rao Retweeted Venkatesh Rao

      I may be a financial waldenponder. I’m finding the story of George Dyson in his kayak, living largely outside the cash economy, curiously inspiring. I’d like that except without the camping in arctic cold. https://twitter.com/vgr/status/1234714328994988035?s=21 …https://twitter.com/vgr/status/1234714328994988035 …

      Venkatesh Rao added,

      Venkatesh Rao @vgr
      Next up in my twitter live reads: The Starship and the Canoe by Kenneth Brower, on physicist Freeman Dyson and his historian son George Dyson (ht @andersen for reco) https://amzn.to/2TfcNBv 
      Show this thread
      1 reply 0 retweets 7 likes
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    3. Venkatesh Rao‏ @vgr Mar 25
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      How do we get off this money-based economic architecture? Why are we at mercy of a bunch of bickering old people designing a 2T pig trough and everybody forced to either turn pig fighting for their line item or die? Something deeply stupid about this. Great filter level stupid.

      2 replies 1 retweet 30 likes
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    4. Venkatesh Rao‏ @vgr Mar 25
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      Part of me wants to buy a bunch of gift certificates to band-aid the businesses I like Part of me wants to just lean in here and figure out why life must stop because money must stop. Classic money is too rigid an instrument to flow around anti-pandemic regimes.

      3 replies 0 retweets 17 likes
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      Venkatesh Rao‏ @vgr Mar 25
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      I’ve never really liked the idea of money, even while wishing I had more of it during my most financially distressed.

      8:56 PM - 25 Mar 2020
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      • Crooked Timbre Brandon Hudgeons ThaRealLikeNoOtha Rahul Ramchandani Valgeir Valdimarsson Ben Anhalt Suzanne Geiger
      4 replies 0 retweets 15 likes
        1. TFA Shorty‏ @yuckycatbreath Mar 25
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          Yes, do lend a goat and three chickens to make the mortgage

          0 replies 0 retweets 0 likes
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        2. art supplies and pain‏ @temirov Mar 26
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          Replying to @vgr

          In a market with unregulated arbitrage opportunities the contracts will converge on some currency: BTC:USD, for example. But because of cultural fragmentation, the global currency is both utilitarian and symbolic, e.g. 1 USD in Laos is not equal to 1 USD in USA.

          1 reply 0 retweets 0 likes
        3. art supplies and pain‏ @temirov Mar 26
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          Replying to @temirov @vgr

          The distinction between finance and economy is superficial, e.g. we can find other mediums that were capturing value but these mediums were inseparable from economy. In modern terms, capital must be present for an economy to exist, because capital captures the value of time.

          1 reply 0 retweets 0 likes
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        1. FULLNODE‏ @AnalyticD Mar 26
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          Replying to @vgr

          Financialization of incomes creates new money that enables real growth, but it comes as the price of ever greater fragility/leverage.

          0 replies 0 retweets 0 likes
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