Pinned post
Pinned post

Truth with love, that's who we are and what we're about.

Pinned post

Since today is day, here's mine:

I am a father of three and Christian (Catholic) from a big US city. I am a lawyer by trade, and generally like my job, but don't talk about it much on here.

I like to talk about faith, philosophy, and culture and specifically on personal development, including setting goals and creating good habits.

I am politically independent and lean conservative but generally don't like to obsess over partisan politics. I support free speech and the free exchange of ideas and applaud technologies that protect privacy and are censorship-resistant. I value personal autonomy and used to be very interested in the financial independence (FIRE) movement but put that on pause to focus on more important family and career goals.

I often come here just to take a break from an intense work and family life, so I also like pretty pictures and memes.

It's definitely preferable to hear a person speak in a confident tone.

Others may help shine the light on your path, but only you decide if their light is from God.

As I wrote in the chapter on Economics in my book The Graysonian Ethic, there are two ways of looking at the world of economics: The big picture economists and the little picture economists. The big picture economists look at macro trends and generally have very accurate models right up until they don’t, and the little picture economists tend to look at the aggregate of individual decisions and tend to have models explaining why the very accurate models stop being accurate. Ideally, you need to have a combination of the two, because while the trends are important and if you ignore them you can miss huge opportunities, the details are also important and if you ignore them you can also miss huge risks.

The current economic situation, where monetary inflation is combined with a self-inflicted gunshot wound on the economy, reminds me of the US recession in 1893. The Sherman Silver Purchase act remonetized silver, causing inflation which led to an easy supply of credit. Unlike other recessions, this one was caused by massive protective tariffs of the McKinley tariff act, which instead of causing an artificial bubble, instead collapsed the value of healthy markets by forcing a heavy tax burden on manufacturers and farms who relied on imported parts. Compare this to the self-inflicted gunshot wound that was the worldwide COVID restrictions.

People can look at the 2000, 2003, and 2008 recessions and the increasing time between them and assume the next recession will be shallow and the recovery long and bountiful, but there’s a big problem: The huge amount of time between recessions in the 2000s and 2010s was paid for by breaking into our seed corn. Personal debt exploded, corporate debt exploded, government debt exploded, and now there isn’t much wiggle room. Economies around the world have massively increased their debt to GDP ratio so it’s becoming quite unlikely that they can just spend their way back to prosperity, and the central banks in partnership with the governments have caused inflation to kick up, which means it's not going to be as easy to just pump money into the system to make it over the next bump in the road.

Unlike 1893, everyone’s basically used up all their trump cards, and I think if the world economy is going to stay healthy, there needs to be a real recession to get rid of the cancerous malinvestment sucking productive capacity out of everyone everywhere. People and material are getting sucked up by stuff that doesn’t do anyone any good, and we need to let those ventures fail so people can make better use of them.
Today at 14:00 GMT, I got married to my beautiful fiancée, who is now obviously my wife 🥂

Fediverse, show the happy couple some love ❤️

What’s a happy thing in your garden today? This is one of mine: perennial greens in front of some daffodils. The greens are going into my lunch. Don’t eat the daffodils!


#florespondence #garden #daffodil

@Mek101 And the individuals who control the means of production that is themselves aren't demanding higher and higher profits for selling their labor? I mean, that's exactly what the image is demanding. Of course people want higher profits.

The question is highly relevant because instead of focusing on how to get more money out of employers, we can instead focus on how we can take the highest wages in the world and some of the highest wages in history and make them go properly.

My first apartment was a 2-bedroom in an ok neighborhood for 400/mo. Good luck finding the same thing for 1500/mo today. The culprit is not the owners of the property, it's the governments and the central banks who dumped unlimited money into companies so prices keep going up. The companies certainly would have preferred making more money to less, just like the gas station attendants would prefer making more money to less, but it was the irresponsible central planning that allowed them to actually get away with it.

It's not enough to identify what you don't want or don't like. You need to have a positive vision of what you are striving for as well.

Some might think that enjoying free speech on Fedi is a sign you are less tolerant of others but that's just not true. I've become more tolerant if anything. Just because someone says something offensive and or I don't agree doesn't mean I block them. It's only an opportunity to engage with them, grab popcorn or just ignore and move on. Thick skin is a valuable trait. How lame do you have to be to go actively searching for instances you don't like so you can broadcast that you are blocking them?
Show older — a friendly social networking space for those with an interest in Catholicism.