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When we remember we are all mad, the mysteries disappear and life stands explained - Mark Twain Economics hobbyist. Not an expert. Willing to learn.

USA
Joined April 2009
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If you give them the power to feed you, you give them the power to starve you.
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Tycod retweeted
Balanced budget > never-ending spending by the uniparty.
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Replying to @CarterElliottIV
MD is broke and can’t pay its bills.
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Replying to @Sargon_of_Akkad
How can you tell someone else how to make their bed if you don't know how to make your own?
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Replying to @_itzsammy
Economics tells us there is no free, only trade offs.
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Replying to @Olking07
Are those individuals?
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Replying to @_ayandamay
This assumes the money is voluntarily given.
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On what basis are you determining the value?
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Replying to @ScottCDunn
The fraud of the government is thinking that without incentive people will still produce the goods and services people want.
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Replying to @ScottCDunn
The fraud of the government is the fact that they demand your earned income at the end of a barrel and get to spend it on whatever they want without accountability.
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Replying to @ScottCDunn
The fraud of government is the belief that there is some genie in some government office that can magically allocate all the goods and services without the use of markets, price signals, or voluntary exchange.
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So, he should have seen the flaw in his logic in real-time you're saying. Funny.
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Replying to @Salvx12
Subsidies and hand outs are not coming from the capitalist side of our government. No matter the party that is signing the bills.
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Replying to @ubi_works
So, if you give the consumers free money, and take money from the producers, we have more money, and fewer goods... I wonder what that is called?
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Replying to @redsnoopy69
What guarantee do we have other than politicians will have more money to spend however they please? Where does this blind faith in the benevolent government come from?
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Tycod retweeted
Replying to @aliceinempire
Marx's economic theory of value and exploitation requires LTV to be true. OnlyFans and Twitch highlight why value is better explained by subjective demand and scarcity than by labor time.
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Replying to @aliceinempire
Marx's economic theory of value and exploitation requires LTV to be true. OnlyFans and Twitch highlight why value is better explained by subjective demand and scarcity than by labor time.
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Replying to @loves5o
What goes into 'making sure everyone has food' If that includes forcefully taking from people under the threat of violence in order to give to other people... ...that part feels bad.
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What mechanism would be used to allocate the socialized resources? Socializing implies removing or standardizing prices, what will replace the current price signals that broadcast consumer demand? How will we know how many bananas to grow? How many 4 bedroom vs 2 bedrooms?
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Replying to @BraddrofliT
Even if extra hours would increase their pay, crossing certain thresholds can mean losing government benefits, which reduces the incentive to work more.
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“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” - Milton Friedman
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