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30 sats \ 1 reply \ @Undisciplined 21h \ on: TGIF: Socialist Confusion econ
As risk averse monkeys, losses are actually stronger signals than profits.
That's why the punishment is so much harsher: if the loser doesn't stop, they put us all in jeopardy, by squandering our scarce resources. Profits are nice, but losses are existential.
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21 sats \ 0 replies \ @Rothbardian_fanatic OP 20h
Yes, not so existential, though, if you have the full faith and credit of the taxpayers behind you, is it? This is what happens because of central banks! All hail BTC!!! Hail PM!!
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