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Tag: revisit

73 items with this tag.

Jul 14, 2025
3-1c3a1 Tracing its beginning is as impossible as predicting the future
- revisit
- develop
Jul 13, 2025
11-3.3a The law of returns—with the quantity of complementary factors held constant, there always exists some optimum amount of the varying factor
- revisit
Jul 13, 2025
Murray Rothbard
Jul 12, 2025
13-5a1 Civilization advances by virtue of additional capital
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Jul 12, 2025
13-5f The interest rate is determined by the time-preference schedules, rather than vice versa
- develop
- revisit
Jul 10, 2025
13-10a Time preference per se doesn’t explain anything
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Jul 10, 2025
13-1a3a5.1 The concept of an equilibrium becomes meaningless when knowledge creation is introduced
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Jul 10, 2025
13-5b2e There is no substantial difference between debt and equity, at least in the evenly rotating economy
- ERE
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Jul 10, 2025
13-5b2j There is no natural rate of interest in reality
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Jul 10, 2025
13-5b2k There is no such thing as mispricing
- revisit
Jul 10, 2025
13-8d Speculative anticipations merely assist the market price toward equilibrium
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Jul 09, 2025
13-10 The law of the diminishing marginal utility of money applies only to the valuations of each individual person
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Jul 09, 2025
13-5 Man prefers his end to be achieved in the shortest possible time (i.e., positive time preference)
- revisit
Jul 08, 2025
13–5b2i The rate of interest will be uniform in the evenly rotating economy only when everyone becomes the same—i.e., when all individuals have identical time-preference schedules, expectations, and subjective valuations
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- ERE
Jul 08, 2025
13-5b2g The investment return in the evenly rotating economy (ERE) is exclusively dependent on time element
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Jul 07, 2025
10-2g3d1.1 Humans create their own cause
Jul 07, 2025
13-5b3c The demand of landowners and laborers for present goods tend to be inelastic with respect to interest rates
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Jul 06, 2025
13-5b2b Because of money, the rate of return will tend to be uniform throughout the length and breadth of the production structure
- revisit
- ERE
Jul 06, 2025
13-5b2c There is no time inconsistency in the evenly rotating economy (ERE)
Jul 06, 2025
13-5b2d Production processes in the evenly rotating economy are interchangeable, hence the analysis becomes scale-independent and substrate-independent
- ERE
- revisit
Jul 06, 2025
13-5b3b A landowner’s pre-income demand for money is practically inelastic unlike a laborer’s—the land will be rent out regardless of the height of interest
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Jul 06, 2025
13-5d2 Interest is not the reward of capital goods per se—it is derived from the generalized investment of time
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- ERE
Jul 06, 2025
13-5e The capitalists are constrained by the aggregated time-preference schedules just as sellers of any other present goods are constrained by the aggregated demand schedules of the consumers
- revisit
Jul 04, 2025
13-1a3a4b The long run of the evenly rotating economy (ERE) is not real at all, but a very useful theoretical construct that enables the economist to point out the direction in which the market is moving at any given time
- ERE
- revisit
Jul 04, 2025
13-5g1 The ERE (evenly rotating economy) is not the condition but the effect of thought experiment
- revisit
- ERE
Jul 04, 2025
2-1a1a3a You're the average of your five closest friends OR You're the average of the people whose content you consume the most
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Jul 02, 2025
1-1c6a1c The absence of evidence is not the evidence of absence
- revisit
Jul 02, 2025
13-5b2a0.1 Only demonstrated time-preference schedules can be compared—we can say “A has demonstrated higher time-preference than B” but we cannot say “A has higher time-preference than B”
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Jul 02, 2025
13-5b3 Labor is uniquely the nonspecific factor
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Jul 01, 2025
13-4d4d A man is necessarily a consumer, but not necessarily a producer
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Jul 01, 2025
13-4d5a The rate of interest is derived from subjective values
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Jul 01, 2025
10-2d1a The regularity in nature can be expressed arbitrarily well either by the language of mathematics, natural language, or by computers (zeros and ones)
- develop
- revisit
Jun 30, 2025
13-6a1 Without knowledge, self-identity is no stronger than the identity between any two people
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Jun 27, 2025
13-5b2a Because of money, the concept of rate of return can be abstracted to the ratio between present goods exchanged against future goods in general
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Jun 27, 2025
9-2b3d Everett on George Berkeley's critique of the very notions of abstraction and generalization - There is no mind of any kind, only bodies and the world in which they move
- revisit
- develop
Jun 27, 2025
2-1a6c1a 'First-conclusion bias' - Separate the problem-defining phase of the decision-making process from the problem-solving phase
- revisit
- MentalModelsPsychology
Jun 27, 2025
2-1b2 Play in different time horizon. That is, in the long-run.
- revisit
Jun 27, 2025
2-1b2a 'Seizing the middle' - 'Time is the friend of someone who is properly positioned and the enemy of someone poorly positioned.'
- revisit
- MentalModelsMicroEcon
Jun 27, 2025
5-1b1a8d Knowledge doesn’t automatically make us wise—the most learned are not the wisest (or the richest)
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Jun 27, 2025
2-1c1 'Comparative advantage' - If others can do it, let them
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- MentalModelsMicroEcon
Jun 27, 2025
2-1c2b Forced vertical integration made Tesla intimately familiar with the complex supply chain required to build a car. Good counter-argument to outsourcing everything.
- revisit
Jun 26, 2025
3-1c3c3a1 Don't be so attached to anything because almost everything is contingent. Assume no self.
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Jun 25, 2025
13-4d6 The economist must take account of all the interrelations in the economy and recognize that money costs are determined by final prices reflecting consumer demands and valuations
- revisit
Jun 25, 2025
Truth is about correspondence with reality
- revisit
- TheTuringPrinciple
Jun 24, 2025
1-2f1a3 To be scientific is to be critical
- revisit
Jun 24, 2025
4-1d3 The most effective communication is to listen
- revisit
- develop
Jun 24, 2025
5-2b6 Theories need data
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Jun 23, 2025
13-6c1 The action axiom meaningfully implies corresponding value scales only when the action is mediated via corresponding knowledge
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Jun 23, 2025
1-2g2r0 The Turing principle implies 梵我一如
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Jun 23, 2025
13-9a2 Indifference cannot be a basis for action—the choice could not be meaningfully revealed in action
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- develop
Jun 22, 2025
13-1a3a1i The market’s encouragement of successful forecasters fosters a relation of final equilibrium between present capital value and actual future rents
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Jun 22, 2025
13-5d1 Capital goods per se are not productive
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Jun 22, 2025
2-1a0b2 'Relativity' - Look at the problem in as many ways as possible. You might as well find new problems.
Jun 22, 2025
5-2b7 The skeptical empiricist doubts both data and theory
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Jun 21, 2025
David Deutsch
Jun 19, 2025
13-6f Praxeology is concerned with that part of value scales that can be ascertained from actions
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Jun 17, 2025
13-1a3.3 The use of labor has a cost in accordance with the subjective value of the leisure forgone
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Jun 17, 2025
13-9a0a The multiverse implies money, money price, and market exchange
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Jun 17, 2025
3-1a4b7 The monetary account will increasingly explain the world—especially as it pertains to the human actions—though never exhaustively
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Jun 14, 2025
13-1a3.2 If all factors are specific, there is no cost
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Jun 10, 2025
13-4d4b Everyone must consume
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Jun 05, 2025
13-7b “Total utility” can be ascertained only when the marginal good with which the individual acts upon coincides with what whatever the totality means in that context
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Jun 05, 2025
13-8a2a Money allows you to deal with change per se, since there is no substantive difference between changes in values scales of others and that of himself in the future
- develop
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Jun 04, 2025
Ludwig von Mises
May 31, 2025
13-1a3a2d5 Money is one of the best explanatory tools available, but not perfect
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May 27, 2025
13-9a0 “The price is the first and most obvious indication of the nature of the alternatives” – Philip Wicksteed
- Ayache
- revisit
May 24, 2025
13-1a3a1f Success in the money economy implies adaptation to others (including distant ones), not merely to its surrounding environment
- develop
- revisit
Apr 26, 2025
Saifedean Ammous
Apr 07, 2025
Eric Voskuil
Feb 06, 2025
Bitstein
- revisit
Jan 15, 2025
Morgan Housel
- develop
- revisit
Dec 12, 2024
Mark Spitznagel
- revisit
- develop
Oct 20, 2024
Daniel Everett
- develop
- revisit

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