- Information is the opposite of order. Capitalist economies are not equilibrium systems but dynamic domains of entrepreneurial experiment.
Post by twetch#2854
- Money should be a standard of measure for the outcomes of entrepreneurial experiments.
What the chain says
- Block
- 631 037
- Time
- 2020-04-17T22:48:48Z
- Signer
- 1SgPtSJk3ihzzPKNxqk5o1v3rDbTF9sDs
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#2854
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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1SgPtSJk3ihzzPKNxqk5o1v3rDbTF9sDs VerifiedReplies (4)
- Interference between the conduit and the contents of
a communications system is called noise. Noise in the currency makes it impossible to differentiate the signal from the channel.
- A volatile market shrinks the time horizons of the economy.
Gyrating currencies and grasping governments are deadly to the commitments of long-term enterprise.
- Analogous to entropy, profit or loss represents surprising or unexpected outcomes. Analogous to average temperature in thermodynamics, the real interest rate represents the average returns.
- Velocity is not a constant. Therefore, the effective money supply is not controlled by the central bank but by the free decisions of individuals as they accumulate knowledge.