Stacker News
Banks and Strategy... Because That's What Strategy Is (Bloomberg, Matt Levine) \ stacker news ~econ
FIRST STORY: Banks are (not) where the money is Hashtag banking illiquidity In the not-too-distant past, there were businesses that needed money to...
*Reality is complicated. Adoption is uneven. People are people. Politics are politics. Incentives are incentives.* View quoted note β†’
*A lot of content creators aren’t documenting reality. They’re documenting what the algorithm and their paycheck rewards.* View quoted note β†’
*harmless hobby networks don’t threaten power. Systems only get uncomfortable when they: coordinate at scale onboard normies create economic gravity. Governments don’t need Nostr to fail. They just need it to stay irrelevant* View quoted note β†’
*one of the ways in which we can define the existence of a state is its ability to create a legal tender for use within β€Šits jurisdiction, and that it can defend the value of that legal tender by charging tax in it, which taxes are paid* Economics is not about money
Funding the Future
Economics is not about money
Most people think that economics is about money, that government spending is constrained by tax, and that public services must always come second t...
*The difference between a tourist and a settler isn't conviction. It's tolerance for boredom.* View quoted note β†’
*the tourists never understand: the boring parts are the feature, not the bug* View quoted note β†’
*The state doesn't need you to be guilty, only vulnerable* View quoted note β†’
*Money and power is concentrated today, and Bitcoin must remain decentralized until power is decentralized again* View quoted note β†’
*Humans handle judgment. AI handles execution.* View quoted note β†’