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Austrian School + Monetarism - Empiricism = Monetarianism
Michael J. Hoffman retweeted
You can also go to a public library and have a conversation with a librarian that might help you expand your taste and worldview instead of merely affirming it. They’ll even let you check out the books for free.
Michael J. Hoffman retweeted
Weird that when a job is dominated by women there are no calls for equality in that field. In fact those women get very protective of it and actively try to keep men out.
"Today, the Big Five publishers are staffed almost entirely by women. According to the most recent data, more than 70 percent of staffers are women. More than 70 percent of editors are women. Even 70 percent of all interns are women. At the executive level, more than 60 percent of leaders are women. In 2026, American publishing looks like lululemon."
Michael J. Hoffman retweeted
No sólo es que Hayek haya pisoteado lo que quedaba de la teoría marxista a mediados del siglo XX (al demostrar que el sistema de precios es un sistema no-diseñado de comunicación sin el cual ninguna sociedad relativamente civilizada puede operar). Es que Menger ya había derrumbado la base del marxismo en 1871 al demostrar que el valor es subjetivo, con lo cual se cae la teoría del valor trabajo (sin la cual Marx es irrelevante).
Ni hablar de que Mises en 1920 demostró que el cálculo económico en un sistema socialista (sin propiedad privada y precios / comercio en bienes de orden superior) es imposible (por eso siempre fracasan sus experimentos; la lista de países que este chisgarabís pasa por alto es larguísima).
Por eso también estos comunistas odian a la Escuela austríaca y tenían tanto miedo hace unos meses de que se aplicaran medianamente sus principios en Colombia (lo cual no sucedió).
¿Y nos va a dar vergüenza hablar de Marx?
Estos payasos quieren dar una supuesta “batalla cultural” con economistas delirantes que nunca tuvieron transcendencia mientras la gente supo leer; se han hecho conocidos desde que los referentes del pensamiento son bachilleres como @SoyJerome__ ¡Idiotas útiles del gran capital!
Las tesis de los libertarios solo se aplican en Bangladesh, ahí es donde se hace realidad la utopía del libre mercado.
La realidad es bien distinta, la URSS, convirtió a la monarquía más atrasada de Europa en una superpotencia nuclear que salvó al mundo del fascismo y puso por medio siglo en jaque a EE.UU. Y desde hace 50 años, la R.P. China, conducida por el Partido Comunista, ha desarrollado el país como no lo había hecho nadie en la historia de la humanidad: más de mil millones de personas salieron de la miseria.
El desmonte del Estado es riqueza para los megaricos y miseria para las mayorías, pueden esperar 500 años y la pobreza no desaparece por gracia del mercado. Es posible generar riqueza en modelos con Estados robustos, con impuestos altos, incluso con economías centralizadas. Lo demuestra la realidad no la retórica.
La ministra de cultura de Colombia se atreve a enarbolar una teología del mercado, una caricatura de unicornios y elfos, mientras aún hay “izquierdistas” a los que les da vergüenza un afiche del buen Marx.
¡Si quieren una guerra cultural, ellos tienen las caucheras del delirio y nosotros la artillería pesada de la realidad!
Michael J. Hoffman retweeted
"Even Heaven had to go to war to protect its peace. Never apologize for drawing a line that kindness couldn't hold."
Michael J. Hoffman retweeted
Anti-fraxers should at least try to argue consistently: either fractional reserve banking is a deceptive “pyramid of fraud,” in which case it should be illegal, or consenting adults should be allowed to engage in it as long as they bear all the risks.
Replying to @ctindale @mattwridley
This is a fine analysis, Craig, but you missed the point that fractional reserve banking is a pyramid of fraud.
Banks MUST be allowed to fail. People who deposit money in risky banks MUST face losses. Governments should NEVER bail out banks.
Murray Rothbard got it right.
Michael J. Hoffman retweeted
The problem with “heterodox economics” is that when proven to be accurate it’s eventually just called “economics”
Michael J. Hoffman retweeted
Thread 🧵 Today’s reading for PhD Austrian with @PeterBoettke
Michael J. Hoffman retweeted
Marxism is essentially a religion nowadays as Marxist scholars do not ask whether what they write is true, but look to Marx as the source of all truth. That their beliefs are a valid interpretation of Marx is their only metric, and they admit this. It’s just theology.
I want to be very clear: Marxism and socialism are not, in fact, religions. Or, they shouldn’t be, and needn’t be, and often aren’t.
But there is a kind of Gnostic socialist who insists that all bad things are essentially illusions performed by the Demiurge of Capital, and through correct investigation we can see through them and discern that there are no *real* problems and no *real* bad actors in the world apart from that Demiurge itself. All suffering and sin are a kind of spell that Capital casts, and if we could simply overthrow that Demiurge then we would immediately and permanently establish the Kingdom of Heaven on Earth.
Anyway, the world is of course full of real problems and bad actors of many stripes, and socialism is a way to organize society around defeating those problems and bad actors, but it is not (and never has been) an instantaneous removal of all human sorrow.
Michael J. Hoffman retweeted
One beach town going quite certainly _does_ change things when it was the only place on the planet where Bitcoin could be said to have once enjoyed something approaching general acceptance.
But for Bitcoin true believers everything is always proceding according to plan. 1/
Replying to @TU_Crypto_News
one beach town going quiet doesnt change much, nobody needed permission to use it there or anywhere else
Michael J. Hoffman retweeted
AI doesn't get enough credit for the fact that the advances it is making in medical technology will allow you to stay alive in your pod eating bugpaste and alternating between gambling on fake sports and watching fake porn until age 120.
You'll only wish you were dead.
Michael J. Hoffman retweeted
"Had Graeber’s purpose been, not to document economists’ ignorance of anthropology, but to show that at least one anthropologist doesn’t know the first thing about economics, I dare say that he could have done no better than to write Debt: The First 5000 Years." - George Selgin
No he doesn’t. All Graeber’s “debunking” of Adam Smith and Carl Menger (among others) proves is that he skipped or ignored important parts of Smith’s writings, and that he probably didn’t read Menger at all. See cato.org/blog/myth-myth-bart… and cato.org/blog/graeber-once-m…
Michael J. Hoffman retweeted
Robert Kennedy just said the unvaccinated caused the covid pandemic. Looks like they got to him. My question is whenever these people get into a position to do good they suddenly flip faster than a pancake on a Sunday morning. What scares them that much.
Readers added context they thought people might want to know
RFK Jr. did not say the unvaccinated caused the COVID pandemic; he attributed recent measles outbreaks to missed routine vaccinations (e.g. MMR) during the COVID pandemic.
newsweek.com/staffers-stop-…
thehill.com/policy/healthc…
x.com/HQNewsNow/stat…
Michael J. Hoffman retweeted
I missed this when it came out a while ago, but it seems that Bitcoin, instead of becoming any nation’s preferred medium of exchange as many insisted was bound to happen, isn’t even favored at Bitcoin Beach anymore. 1/ finance.biggo.com/news/0f41d…
Michael J. Hoffman retweeted
Ask an LLM about abortion. It'll fence sit performatively but implicitly adopt all rationalizations to dehumanize the unborn.
Not surprising. It's trained on public discourse.
But think how dangerous that is. We're teaching SI to do mental gymnastics to justify killing humans.
Michael J. Hoffman retweeted
My essay ‘Do we Need Philosophy in Politics?’ Is now live over on Sophiopolis Bites. You can check it out here: sophiopolis.substack.com/p/d…
Michael J. Hoffman retweeted
I said what I said, all rights are property rights and the state is and will always be against your rights.
And while we are on the topic...





































