ฝัง
- เผยแพร่เมื่อ 27 ก.ย. 2024
- Fiat economics consists of a series of patently ridiculous beliefs, easily refuted by basic logic and everyday experience. Allen Farrington thinks we need to refute these more often and will present a handy guide to doing so.
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Got my attention with that title haha.
Got my LIKE with the title. 😂
This made me think even deeper than I had thought about this subject before! Fantastic. Also, I Love the title. Well done.
Videoclip at the end is absolutely hilarious. You’d be forgiven for thinking it’s a Monty Python sketch 😂
Crumbling in realtime
Once you get how your time is stolen, there is no going back ...
The “nobody has ever bought a computer” part is a bit of a convoluted way of explaining this phenomenon though - i had to go back re-listen to realise what he’s saying is that if deflation is not what is actually happening in computing, then almost no-one would ever have been able to afford a computer with anything near the amount of power they have now
no, he is refuting the argument that nobody would ever buy anything if it was expected to cost less next year. because in processing power terms, the cost of same amount of processing power has been going down for 60 years but people still overwhelmingly buy computers. this example goes to show that indeed people will buy things even in a deflationary environment.
i love this guy.
Fekkin brilliant!
Lol. Very nice.
Man, that guy was cringe AF.
Why? Because he hurt your feelings?
His book is much more intelligent
Agreed, being an edgelord does not widen our camp.
You have me convinced.
Fiat as a new derogatory term, got it
That’s so fiat…
Yep.
Whenever anyone online says 'people wouldn't buy things if they knew they'd be cheaper next year', I respond 'why did you buy the phone you typed this on? It would have been cheaper next year!'
I've never received an answer to that. Conversation has stopped stone dead every single time.
Thats when they call you a racist conspiracy theorist
use the silence to call them derogatory names
Allen is always the best
best!!!