Peck by ArsObKSC

Bitcoin Dictionaryvia treechat·1h

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  "map_content": "I have a master\u2019s degree in political science, a master\u2019s degree in geography with a 4.0 GPA, a PhD in law, a PhD in economics, a master\u2019s degree in finance, a master\u2019s degree in econometrics, a master\u2019s degree in statistics, a master\u2019s degree in history, and enough formal education to occupy a small shelf of university registrars.\r\nYet every week a man armed with an infographic and a grievance arrives to explain economics to me.\r\nOne must admire the courage.\r\nIt takes a special sort of confidence to discover a chart showing the long-term decline in the purchasing power of a currency and imagine one has thereby solved monetary economics, public finance, demography, political history, labour markets, capital formation, fiscal policy, sovereign debt, and economic growth.\r\nThe medieval alchemists at least had the decency to admit they were searching for answers.\r\nThe modern internet economist finds a picture on social media and concludes he has already found them.\r\nThe truly amusing part is not that these people are wrong. Everyone is wrong from time to time. The amusing part is that they believe a century of economic history can be reduced to a single line on a graph and a slogan about money printing.\r\nAfter a while, one begins to suspect they are not studying economics at all. They are collecting comforting stories.\r\nAnd then they wonder why people who have actually spent decades studying these subjects are less impressed by an infographic than they are.",
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  "timestamp": "2026-06-08T13:09:13.000Z",
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