Para ayudar a pensar sobre esto, supongamos que dos individuos, Pedro y Juan, ganan un ingreso bruto de $100 cada uno. Ambos pagan un impuesto sobre la renta del 20% y un impuesto al consumo del 10%. Vamos a suponer que no hay inflación: $100 de hoy sigue comprando $100 de bienes

Inflation is always and everywhere a quality-of-governance/political-stability phenomenon

📌 Bitcoin's price isn't driven by "Fed liquidity." It's fiscal flows. A thread, based on Douglas's work. 🧵1/14

"Economics limps along with one foot in untested hypotheses and the other in untestable slogans." -Joan Robinson

"The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated." -John Kenneth Galbraith

Experience without theory is blind, but theory without experience is mere intellectual play.

Every time deficits rise, someone cries "money printing." Sounds scary, but it's a misleading metaphor. Here’s why deficits aren’t printing presses, and what they actually do. 🧵1/12

"Land is the source or matter from which all wealth is drawn, man's labor provides the form for its production, and wealth in itself is nothing but food, conveniences, and the pleasure of life." -Richard Cantillon

“Mathematics is not about numbers, equations, computations, or algorithms: it is about understanding.” Terence Tao

"Probability does not exist." This provocative quote is by the Italian statistician and probabilist Bruno de Finetti. It encapsulates the core idea of Subjectivism or Bayesianism, a major school of thought in probability. De Finetti argued that probability is not an objective

1/9 The $500M daily government money printing story is economic theater. Here's what 30 years of monetary research actually reveals about money creation: 🧵 2/9 Since 2000, private banks created 91% of new money through lending - not government printing presses. The Washington

The 80/20 Rule states that you get 80 percent of the value out of something from 20 percent of the information or effort. (It's also true that you're likely to exert 80 percent of your effort getting the final 20 percent of value.) Understanding this rule saves you from getting

Imagine spending 14 hours a day projecting cash flows and learning business fundamentals when you could have just bought a piece of rock instead

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr

50 years ago, I discovered economics textbooks were teaching lies. 71 empirical studies proved the supply curve wrong. Samuelson admitted defeat in 1966 but never updated his textbook. Between 89-99% of firms report constant or falling marginal costs, not rising ones. I spent

Think of every decision as a bet with a probability and a reward for being right and a probability and a penalty for being wrong. Normally a winning decision is one with a positive expected value, meaning that the reward times its probability of occurring is greater than the

Bitcoin y S&P 500: Ya hay miedo, mucho miedo. Luego…. 👉 youtu.be/7aH1scEW6D8?si… #btc #bitcoin

"Economics has always been preoccupied with equilibrium. That’s like analyzing how a car works by studying a parked vehicle." -Jay Forrester

"Economics limps along with one foot in untested hypotheses and the other in untestable slogans." -Joan Robinson

Escuelas de pensamiento en Economía Esta figura vincula a Smith, Marx, Marshall, Keynes, Hayek, Schumpeter y otros con escuelas de pensamiento contemporáneas. Ayuda a entender la genealogía de las teorías económicas influyentes Para verla mejor, conviene descargarla y ampliarla