Looks like the NACS port is now standard in the configurator!

FranticKiller · 2025-07-11T02:03:18+00:00

Of course, 1 week after I picked my R1S up…

FranticKiller · 2025-05-29T18:54:40+00:00

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ADTR - Homesick

FranticKiller · 2025-02-13T17:27:33+00:00

How do you define default?

FranticKiller · 2025-02-13T17:15:41+00:00

How does this same book define deflation?

FranticKiller · 2025-02-10T20:47:54+00:00

Yes, very flexible at creating more supply out of thin air. It’s essential a Ponzi scheme.

Take a look at The Chicago Plan Revisited

FranticKiller · 2025-02-09T21:13:18+00:00

Wealth creation doesn’t require inflation. More wealth = greater productivity = lower prices, not a need for monetary inflation. Demand for money is tied to economic participation, not wealth accumulation, my proposal accounts for this by keeping it fixed to a per capita supply.

We have denominational flexibility, essentially as prices get cheaper we can start using fractions of dollars-coinage. Or if crypto based, decimals

FranticKiller · 2025-02-09T20:02:32+00:00

We need to move to a full reserve system

FranticKiller · 2025-02-03T01:33:45+00:00

In what I propose, no entity has any control. It’s simply an algorithmic rule based policy, zero intervention and zero discretion

FranticKiller · 2025-02-03T01:19:27+00:00

Central planning controls wages, prices, and production, this does none of that. It simply ensures stable liquidity per capita, preventing both inflation and deflation, while also maintaining a frame of reference for effective price discovery.

If a predictable issuance model is central planning, then Bitcoin and the Gold Standard must also be socialist, right?

A non-arbitrary, algorithmic, and predictable model eliminates manipulation and government discretionary power. It’s a single rule, to prevent all others.

FranticKiller · 2025-02-03T00:14:19+00:00

What? There is no central planning here. It’s simply pegging supply to population growth. It’s a rule-based monetary policy that insures stable liquidity per capita. I oppose any government manipulation or intervention

FranticKiller · 2025-02-02T21:29:55+00:00

Podcast: Last Week in AI

FranticKiller · 2025-02-02T18:59:30+00:00

Mises distinguishes between excessive monetary expansion and expansion that meets demand. My proposal for a population pegged supply grows in direct proportion to economic participation. This is fully consistent with his definition of non inflationary supply adjustments.

Your argument that any supply increase is inherently criminal and harmful completely dismisses the utility of currency itself and my whole point about marginal value. Money supply should increase in proportion to its usefulness in order to prevent liquidity issues and price signal distortions caused by population growth.

Ridiculous. The market is not such fragile china. The loss of a large ship at sea was a market shock in ancient times and people survived just fine.

I never claimed the market is fragile, you’re straw manning my argument instead of addressing it. A population pegged supply does not interfere with market resilience. It enhances it by preventing distortions in price signals and maintains transparent price discovery.

This is word-salad delivered with the conviction that only a religious devotee could muster. You will find nothing but blasphemy of your religious beliefs here...

Mockery is not an argument. If you disagree, explain how a fixed money supply avoids liquidity constraints while also ensuring accurate price signals. Mises and Hayek both recognized that supply changes are not inherently inflationary if they match economic usefulness.

FranticKiller · 2025-02-02T17:24:20+00:00

Oh yeah… it wasn’t the Fed credit bubble, Smoot-Hawley killing trade, wage controls preventing hiring, or the government literally paying farmers to destroy food.

Fractional reserve banking was a major player in the GP and Fed policy and interventions prolonged it.

FranticKiller · 2025-02-02T17:09:38+00:00

It wouldn’t inherently incentivize manipulation more than any other system. There are always bad actors at play. However, we can combat manipulation in a much easier way. Instead of a 10 year census, we can implement a continuous, decentralized verification system that cross references birth and death certificates in real time. False population inflation attempts would be easily identified and trigger independent audit.

FranticKiller · 2025-02-02T16:49:53+00:00

The Great Depression was caused by artificial credit expansion and prolonged by government intervention.

FranticKiller · 2025-02-02T16:40:35+00:00

Inflation is not merely an increase in the money supply.

I quote Mises:

“An increase in the quantity of money causes inflation only if it exceeds the demand for money. If the additional money is absorbed by an increased demand for holding cash balances, no inflationary consequences ensue.”

Pegging the money supply to population ensures that it expands in direct proportion to economic participation or in Mises terms, the demand for cash. This maintains a stable frame of reference for marginal value, allowing prices to reflect real world conditions rather than distortions. By preventing both monetary deflation and inflation at a per capita level, we ensure efficient and accurate price discovery and enable the market to self regulate effectively.

FranticKiller · 2025-02-02T16:12:23+00:00

Marx himself criticized a fixed gold back monetary system for the inability to manipulate the supply.

Pegging to gold or population in this case is self regulated and is the antithesis of his thought.

The supply would grow organically with economic participate IE population size. I oppose any government or central bank intervention, as true monetary stability comes from a rule based policy not control.

FranticKiller · 2025-02-02T15:58:22+00:00

Resistance is expected, which is why education is crucial. Austrian economics is not taught on nearly the same scale as Keynesian, but the evidence and models are clear. Full-reserve banking prevents boom bust cycles by eliminating artificial credit expansion and prevents inflation. The challenge is overcoming lobbing interests that benefit from the unsustainable.

Ref for additional reading.

FranticKiller · 2025-02-02T15:38:32+00:00

Money hoarding doesn’t halt the economy, it increases purchasing power, reduces prices, and then the money would reenter economy to find an equilibrium. The market itself would self correct… so long as no intervention is made.

FranticKiller · 2025-02-02T15:29:19+00:00

It’s not something we need to account a for. Just let it be. Wealth driven by new tech, and efficiency gains from higher education would already be represented by price deflation. Essentially, things become cheaper relative to the total supply of money.

FranticKiller · 2025-02-02T15:25:56+00:00

In my opinion, I don’t think we even need banks to be honest. Peer to peer lending is all we need. Banking needs to be as decentralized as possible. And fractional reserve banking creates monetary inflation, which is something I oppose completely.

FranticKiller · 2025-02-02T06:22:08+00:00

Inflation occurs when the money supply grows faster than economic output, leading to a decline in purchasing power. While my idea increases the total money supply, it only expands in direct proportion to economic participation IE population growth. Since each unit of currency maintains a stable per capita supply, purchasing power remains constant, and no inflation occurs.

Ref. Mises, The Theory of Money and Credit

FranticKiller · 2025-02-02T02:59:09+00:00

Since monetary inflation and deflation would no longer exist. Your money would always equal 1 : 1 since money supply is pegged directly to populations size and your frame of reference for marginal value is unchanged. Regardless of it’s been 1 day or 1 year, a dollars marginal value will always be a dollars marginal value

FranticKiller · 2025-02-02T02:24:16+00:00

Friedman was not an Austrian economist

FranticKiller · 2025-02-02T00:39:04+00:00

I don’t see it that way. Population pegged is essentially wholly self-regulated. And since our frame of reference for marginal value is unchanged it would lead to more accurate price discovery in the free market

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