/biz/ - Business & Finance

>>26432504
any other book youd shill me on markets ?

>>26432504
im economically unwell and i still beat the snp 500 every year

Sowell is probably the smartest negro ever besides Carver and yet his own kind hate him because he doesn't believe in the victim complex.

>>26432504
I already know everything

I'm a communist, I've read advanced economics

>>26433448
Basic Economics and Economics in One Lesson are really all you need for practical purposes. Economics in its current state is utter trash. It's still in the spontaneous generation (or worse) phase of Biology. It's in the aether phase (or worse) of Physics. And so on. And to make matters even worse, rather than trying to advance out of those phases it's digging its heel in deeper and actively trying to move even further from reality because the complex adaptive nonlinear nature of what economics is trying to encompass makes economists poopy and pee pee in their diapers because it puts them out of work and puts their job into the hands of computer scientists and physicists. Not to mention humans aren't the rational perfectly informed agents economics is predicated on.

>>26433934
>humans aren't the rational perfectly informed agents economics is predicated on.
this is what boggled me in micro/macro, whats the irl usecase if we propose the markets are perfect and so are humans

>>26434198
About the same experience as claiming you're a 320 lbs, 6'5 Army Ranger when in fact you're a 5'6, 120 lbs, Anime Aficionado. You can get away with it for quite a while and it's a great experience while you're getting away with it, right up until reality swoops down upon you on the wings of a black swan and clobbers you with its dick. Then the rationalization and justification begins. "Well...I'm a 6'5 Army Ranger...I just must have been sick...or that guy must have just been trained to defeat me specifically...but it will never happen again..." As the next black swan sneaks up behind him.

Humans don't need to be perfect rational agents. That's why the market is utilized as a discovery process and why socialism is structurally impossible to sustain. That path forward is through emergence, through DEFI

>>26432504
This, knowledge and decisions, economic facts and fallacies, and applied economics are all absolutely essential /biz/ reading.

>>26433934
is Silent Weapons for Quiet Wars real then?

>>26432504
That book is complete garbage.

>>26433895
This, anyone who really understands economics is left, unless they're part of the oligarch class.

>>26433448
Listened to an audiobook "Trading for a Living" by Dr. Alexander Elder and it's great imo.

>>26435355
Get a load of this retard. You have to be ignorant to the facts to think that gov't programs are better than free market.

>>26435851
You have to be mentally ill to think that having an anarcho-capitalist world would fix all your problems.

I have a degree in financial management. Does nothing for me, learned more from youtube and 4chan

>>26435355
The world is multifaceted and full of shades of grey naïve fren.

>>26436017
Who the fuck said that big guy? Get your hormones checked so you don't over-react like a woman.

>>26436017
What the fuck do you think blockchain is leading to numb nuts? You lefties further reinforce how retarded you are thinking you belong on this board propping up a technology that goes against your dogma. See you in Kleros court, nigger.

>>26433827
same, there's nothing more to learn

>>26435355
It wasn’t real gobberism!!!

>>26436123
And who the fuck ever said that gov't programs are better than a market?

Maybe you shoudl learn to read.

>>26436127
I don't believe in crypto dumbass, i think it's stupid.

I buy stocks like an adult. I think Chainlink is stupid.

>>26436065
i have learned more here than i have at uni- politics /pol/, money /biz/, health /fit/, guns /k/, fashion /fa/, special needs /b/

>>26436249
IT WASNT REAL CAPITALISM

cringe.

>>26435851
You're pretending to be retarded right? Communism isn't government programs.

>>26436294
Oh you're that that guy from the other threads who bought pizza with his bitcoin years ago and now he shills index funds on here and cries when people discuss crypto instead.

>>26436360
>publicly owned everything
The fuck do you think that public ownership means you idiot.

>>26436294
what an absolute nigger
ngmi

>>26436411
The government owns the shares but lets them operate as free independent corporations.

>>26436294
Economic leftism is defined by collective ownership (government) as opposed to the individual ownership of the right.

>>26436411
Ok, you are retarded.

Almost forgot

Required reading:
https://mises.org/library/economic-calculation-socialist-commonwealth

>>26433895
>>26435355
>I'm a flat earther, I've read advanced science

>>26436411
you are ill informed. communism isn't when the government does stuff, and public ownership certainly =/= government programs.

ultimately what it would boil down to is putting people over profits in the macro economic system.

The thought of reading the writing of an African makes me feel uneasy and nauseous.

>>26434198
Once you get into upper division Econ you’re supposed to assume not all consumers are rational. It’s only rational in a 2 good perfectly competitive market which a lot of the basic models are based on. I’m a math/cs major but I minored in Econ at a pretty high ranked university so I had to take their whole series on micro and macro economics. To be honest I didn’t really learn anything useful. Only thing I got out of that Econ minor was making people think I’m business savvy but you really don’t learn anything of real use until you’re at the masters/PhD level.

>>26433895
>>26435355
This is correct. Once you understand the system and its complex machinery, it's pretty clear to see how brutally shafted the average worker is in this world.

>>26436717
>putting people over profits in the macro economic system.
You don't understand profit and loss. Go peddle your socialist slogans to naive teenage girls.

>>26433499
Easy to do that in an inflationary boom

Enjoy the bubble frens, still have another 4 years

>>26437000
It's still imposible to beat the SNP

>>26436411
They're going to play semantics with you now and they'll go as far as to throw Marx and Lenin overboard to do so. This is how all the arguments go. It's the same game every time. Just put a bullet in their head and move on.

>>26436992
No, I do. Seems like you're cucked to a system in which you believe you'll rise to the top. Truly delusional.

>>26437137
This is why i say don't argue with capitalists, they're violent freaks.

Just lock them up as far-right domestic terrorists. Right wingers are loons

>>26437168
No you don't. Your approach to economics is strictly normative because you approach reality as one typically does with a vagina. No structural understanding of economy, no blueprints for the future, just appeals to emotion.

>>26435355
>anyone who really understands economics is left

>>26436294
>I buy stocks like an adult.

You outed yourself as a troll.

>>26437215
I can't wait to chimney sweep your sister's asshole with castor oil. Tick tock commie!

https://en.wikipedia.org/wiki/White_Terror_(Spain)

>>26437317
I don't know what the fuck you're talking about or why you think you know what I understand based off 3 short posts I've made on this website. Seeing what you've posted in this thread, it looks like you're the one reacting emotionally to anything that goes against your beliefs.

BTW you definitely haven't read Marx and Lenin LMAO.

>>26437416
LOL look up the Holodomer and Stalinist purges

No one cares about Spain, it's a shithole anyway.

>>26436120

exactly, the dichotomy between capitalism and communism is a false one. the desire to capitalize and a sense of communal responsibility are both integral parts of human nature and of healthy economies.

>>26436894
1. is this an attribute of economics? or of hubris?

2. is this an attribute of economics? or oversight?

3. is it an aspect of economics that can be eradicated? or is it an immutable aspect of nature? giving birth is painful, eating food often harms animals (even harvesting vegan food), humanity existing uses energy and takes land away from nature. there are unplesant aspects to reality that are not simply "solved" with some ideology.

>>26437215
>This is why i say don't argue with capitalists, they're violent freaks.

>Just lock them up as far-right domestic terrorists. Right wingers are loons

locking people up for being capitalist is nearly as retarded as shooting people for being communist.

>>26435355
>anyone who really understands economics is left

>>26437484
>BTW you definitely haven't read Marx and Lenin LMAO.
I know you haven't. Every dark matter socialist especially the ones on revleft back in the day didn't. That why a former Marxist, who autistically spent a decade reading the very treatises themselves and scholarly literature around the works, turned ancap and came back to spank them all. You're no different. You are no champion of socialism. You're just some kid.

ITT nerds talking about muh economics

I don't give a fuck abkut your theory bullshit. If you want to read theory you might as well be a commie. Welcome to the real world, faggots. Either shill me the next Uniswap gem or GET THE FUCK OUT OF HERE!!!!!

>>26437627
Your smug fence-sitting bullshit was boring 20 years ago and it's boring now. Moderates think their ignorance is wisdom.

https://oll.libertyfund.org/page/mises-on-the-impossibility-of-economic-calculation-under-socialism

>>26437830
>muh money
>muh cash
>MUH PROFITS

GET THE FUCK OUT materialistic non-intellectual whore.

Economics was discovered not invented. You people that think you can "solve" economics are retarded. You're trying to solve nature itself, and you simply cannot. Nature always wins but your ego won't let you accept that.

>>26437627
Based centrist. The commies will never get America, at least. This I know for sure.

This is now a cunny thread

>>26437946
Which is why it always comes down to brutal authoritarianism, the ends justify the means to them. Imagine not realizing this by the age of 18.

>>26437946
Nature is man's bitch.

CUNNY CUNNY

>>26432504
Sparknotes for the book anon? I don't feel like reading this shit.

>>26438186
Man is born of nature and subordinate to its laws. It is EXTREME hubris to believe otherwise.

>>26437215
>they're violent freaks

i dont need that silly little book when everything i learned about economics comes from runescape

>>26436449
communism cant exist without government forced intervetion, because in a free market society you are free to make a corporation that is communist but in a state regime the government wont let you play by your own rules

>>26436894
The average global worker is shafted because they live in a shithole. What are you supposed to do in Burkina Faso other than farm?

Buy high, sell low, the /biz/ way.
That is all you need to know.

Anyone got a list of /biz/ books to read?

i guess there was an air this day on biz that breezed into this thread, i thought it was just going to be book recommendations but the philosophy in this thread is too jarring to admit we are the smartest ones in the room

>>26438728
please start with one book but heres some list i found today youtube.com/watch?v=ANi4eh8RZvA

>>26438565
Everything you need to know about economics can be learned from nature. It's really not too hard to figure out. Humans have such overinflated egos due to our intelligence that we come up with all sorts of theories and systems, but in the end economics was DISCOVERED and not INVENTED.

>>26437739
>former Marxist
>turned ancap
KEK there is a 0% chance this happened barring full blown psychosis. And yes I have read them.

>>26437627
There are no economics if there are no workers. And workers have been historically monumentally shafted.

>>26437921
AI.

>>26438067
>America is not brutally authoritarian under capitalism.

>>26438607
Wrong. Communism can't exist without government forced intervention because of the endless barrage of attacks by capital's worldwide hegemony whenever a country attempts to build socialism.

>>26438655
"These countries aren’t poor. These countries are rich! Only the people are poor! They’re not underdeveloped, they’re overexploited." - Michael Parenti.

>>26438253
the tldr is supply and demand but you have politicians who dont know that basic principle, you can find the free 9 hour audio on youtube

>>26439158
absolutely based and 110% correct
hope you have some good gains tomorrow anon

>>26439270
Thank you, anon. You as well.

>>26436322
>politics /pol/
shut the fuck up

Daily reminder that this is a coordinated discord tranny raid form chapotraphouse redditors with 6 digits student debt they got from some shitty degree in humanities.
You will never be a commie Kommisar who can send us to the gulags. A woman neither.

>>26439364
/pol/ is fine for actual politics and not dickwaving red team vs blue team garbage. It's the most reliable way to learn about what is going on in other parts of the world. I don't think you're going to find more unbiased information about the Syrian War than on /pol/.

>>26438313
No, you're wrong. Mankind is subordinate only to God, everything else is just waiting to be conquered.

I kinda like National Socialism without the racial autism. Is that just social democracy?

>>26439548
yeah

>>26439217
>muh magic robots
Venus project tried debating this and they got destroyed seeing as they didn't understand the nature of prices, their coordinating and signaling effect, and their formation. They can't just be arbitrarily determined by men or machine. Sorry but you don't understand emergence or systems theory and how important those things are in market economies. Your lazy and weak replies aren't wanted here.

>>26432504
>tfw never read a single economic book
Feels pretty good dude not going to lie

>>26439348
You are a fool if you think that a modern day economy can exist without intense mathematical development and theory. Nature can describe the basics like supply and demand, but it cannot possibly dictate the economics behind banks and markets. Those are human inventions. Also, math was invented and not discovered.

>>26439447
Based.

>>26439515
Oh, I see. So God created Natural Law. Then he created Man and said "You don't have to follow these laws, it's cool."?

>>26432504
It's a good book but still perpetuates neoliberalism.

>>26437215
>Comminism direct cause death count +100M
Kys tranny

>>26439648
>tfw had to take microecon class in college as a general ed requirement
>had to read the entire textbook because teacher didn’t lecture at all
>Got an A in the class
>don’t remember a single thing I learned

>>26439364
Browsing /pol/ will leave you more informed on current events than 90% of the population, at least. Whether or not you like the opinions, information drops there near instantly.

>>26435355
>This, anyone who really understands economics is left,
imagine unironically seeing how useful markets are.

>>26439217
>workers
You retarded retard commie, then dont be a worker ? We can have nigger slaves doing better job

>>26432504
>check author
>nigger
i already know it's going to be a waste of time

>>26439666
>Math was invented
Pretty sure grug discovered math when he first realized 1+1 = 2.
>banks and markets
Markets are completely natural. They are also very complex because you have the human element. But then you're still subordinate to human nature. Also, centralized banks are unnatural. DeFi is more in tune with natural law than centralized banking ever will be.

>>26439727
Humans have conquered "natural law" since the first fire was created. Things that used to be considered impossible to: circumnavigate the world, break the sound barrier, travel to the bottom of the ocean, go to the moon, split an atom, create a self driving car, landing on an asteroid, etc etc. I bet you think the speed of light is impossible to break too don't you? What about time travel? What about terraforming other planets? Nature is designed by God to test our strength and intelligence, it is designed to be conquered.

>>26439847
>>26435355
imagine unironically not seeing how useful markets are.

>>26433682
That's why he's the smartest negro.

>>26439847
>>26439952
Markets are useful,

so keep the market function, but give the proceeds of ownership to the state, or at least the majority of it.

THat prevents a parasitic class from compounding their wealth and monopolizing the economy.

>>26437215
>This is why i say don't argue with capitalists, they're violent freaks.
You fucks are violent too.

>>26439447
Indeed, fren. The commies come in this thread and announce they're nocoiners who hate blockchain. There goes any reason left for us to give them a moment of our time.

Wow you did a half-assed reading of the communist manifesto. So impressed. Do you kids have anything else in your portfolio besides anachronistic pamphlets? Do you sois even have portfolios? Go be poor somewhere else you pozzed college sois. Anon above was right. You're not even worth the bullet used to execute you useful idiots the real hardcore reds.

>>26439770
>death count +100M
debunked numbers, embarassing

>>26439616
I will look into the Venus project. And I'm just passing the time, same as you pal. Don't really care who wants what.

>>26439937
god doesn't real

>>26440030
Markets are indeed useful. Precisely why China is rocketing towards the moon while still also retaining a proletariat-oriented state.

>>26439927
There are no numbers in nature. There are patterns which can be described by equations that are INVENTED by human beings. As far as markets go, human nature can be resisted and actively suppressed AKA iron hands when everything is bleeding. Intuition is a natural part of human consciousness, right? So then why is intuition almost always WRONG when it comes to economics? Because it is not a natural thing at all and therefore it is not in mankind's playbook naturally. It has to be studied and developed, not just "discovered".

>>26436809
He's not African though. He was born and raised in America. Watch any interview with him. There is hope yet for the American negro.

>>26440109
Cringe atheist degenerate detected. God's real whether you like it or not. Start going to the confession booth buddy.

>>26439447
>You will never be a commie Kommisar who can send us to the gulags. A woman neither
very based

>>26440159
If God is omnipotent can it create something it can't destroy?

>>26440109
>Markets are indeed useful. Precisely why China is rocketing towards the moon while still also retaining a proletariat-oriented state.
Oh my god a fucking tankie ewwwww that anon was right this is a chapo tranny house raid. Go get crushed Destiny again or something. Gross mods should just delete this thread.

>>26438186
How?

>>26439916
No you are the nigger.
Thomas Sowell is a savant and a gentleman.
Some of the greatest economists of our time are black.
RIP Walter William's

>>26438728
This is the ultimate /biz/ book

>>26440109
>DEEBOOONKED
Cope
Try again, next time it will work...what is that “The whole planet must be communist in order for it to work”
Hahahahahaahah

>>26440109
God I bet you smell worse than a fat leffin in a super smash brothers mosh pit.

>>26439937
None of those things you just said violate natural law, just the preconception of what is possible/impossible. I don't know if it is possible to break the speed of light, If it is, it will happen. If it isn't then it won't. You're implying that God has made rules specifically for Man to break them, but only some rules. Have you never considered that what you are told of God is only a part truth? That a book written by men has many truths sprinkled with beautiful lies? Such thoughts are heretical and sacrilegious! Yes, of course, and anybody telling you to consider them is clearly allied with Satan!
Hint: God is real and he wants you to follow natural law. Satan is real and he wants you to believe that you are above it. You are literally displaying the sin of Pride and you don't even comprehend it.

>>26440159
God is real, but it's just the sum of all energy in the universe. When we die we re-enter as a drop in the ocean. Nothing like that nonsense invented by the Christian church designed to empty the pockets of believers who fear the unknown.

>>26440203
by destiny*

>>26440228
>Some of the greatest economists of our time are black.
nigger cope

>>26440203
>>26440276
China is based.

>>26440264
lmao

>>26440190
Nice argument bro, ya really stumped me there. Paradoxes are the end of all religion everywhere! Go to the press and reveal your question to everybody and we'll all be atheist by tomorrow! Humans cannot comprehend omnipotence, simple as that. All I know is God can do whatever He wants, it's not my job to question it. That's why it's called faith, to weed out atheist redditors like you who think they can outsmart God with a paradox.

>>26440030
>but give the proceeds of ownership to the state
>the state
So, you're one of those pro-state commies? even worse.

>>26440318
This. Then we are refracted and spit back out as a completely unique combination somewhere else. It's why having children and bloodline tracking is so important.

>>26440425
wtf jesus christ died for my sins111!!!11

>>26439217
>Wrong. Communism can't exist without government forced intervention because of the endless barrage of attacks by capital's worldwide hegemony whenever a country attempts to build socialism.

Is that what Lenin told himself before he had those kids executed, you think?

>>26440313
Interesting. What do you consider to be natural law then? Because I'm interpreting it as those exact preconceptions. When can we just admit that man has an enormous upper hand over nature, not the other way around? And yes, I do think that a lot of His teachings have been intentionally censored and altered over the ages by mankind. For example, the pope himself endorsing homosexual marriage is complete blasphemy and it was not his place to get involved in it whatsoever. Living by the teachings of Jesus is the only way to salvation, along with the 10 commandments.

>>26440367
Says the nigger

>>26440458
Yes, he did.

>>26440500
Don't even argue with it. It's a fucking tankie. They start with the vague anarcho syndacalist angle then they reveal their power level as explicit state authoritarians. Fucking gross. Just set shoot it and set it on fire.

>>26440500
nice bad faith argument but I agree with the implication that killing kids is an indefensible act.

>>26440737
you're this upset because I said true things about China? jeez maybe take a nap or something

>>26440109
>Markets are indeed useful. Precisely why China is rocketing towards the moon while still also retaining a proletariat-oriented state.
Imagine calling yourself communist and naming China LOL. are tankies this retarded?

>>26440863
The time for debate is over. I just want you dead. Simple as

>>26440911
Communist Party of China

You dumbfuck

>>26440318
What kind of church do you go to man? My parish never ever asks for any kind of donation. People are corrupt, and the church is not above that obviously. Basing the truth of the scriptures on the corruption of mankind is flawed logic at best.

>>26441041
You too. You're probably the same person but a bullet in your skull as well.

>>26433448
Human action. Thomas sowell is an austrian econ. Best to read those who are considered the founders like Mises

>>26440911
actually I didn't call myself anything, but ok, if you need to categorize me to feel better, that's fine. China is building socialism, and their people are prospering and living better and better with each year that passes.

>>26440946
well despite that, I would like for you to live a long happy life. seems like I have upset you greatly. I'm guessing you are lashing out because you don't know how else to deal with cognitive dissonance.

>>26441092
was raised Lutheran, and to be fair my experience wasn't like how I described. I was referring to the history of the Catholic church mainly.

>>26441041
>Communist Party of China
holy fuck
>>26441248
>China is building socialism, and their people are prospering and living better and better with each year that passes.
that's why many of them try to flee to the West, right? cope

>>26441295
You're so fucking dumb

>>26441295
>china big scary bad orwellian 1984 gommunism no food

>>26441436
>>26441435
> CCP agents/shills
lmao

>>26440613
So, we are on the same page here. Good, we have common ground. What I am suggesting is that man's "mastery of nature" is not the same as mastery over natural law. Mastering "nature" is a given because of the natural law of survival of the fittest. You see? It is actually mandated by natural law that a creature such as man would exist. What is unnatural is when man believes himself to be above the very laws that allow him to exist. It's akin to believing that you can "fix" human nature. It is a paradox. The ego dictates a desire to fix human nature. This should suggest that the "ego" is actually something that is unnatural.

>>26441436
hey slaves had food too yknow
some low standards you commies have

>>26441644
my, what a convincing argument you have made here

>>26441705
the irony of calling chinese workers slaves while over 20 million american workers experience hunger crisis currently

>>26441692
There is an evil out there trying to remove humanity from humans. Technology is not inherently evil, but there are those trying to play the role of God when it comes to gene editing and drugs designed to remove the natural instincts that are in each of us. Although some aspects of human nature are not desirable, because people without God are naturally selfish and prideful. I choose to believe that life and the universe are a giant, infinite puzzle to continually strive to learn about and master - barring technology that removes humanity from mankind. That's why free will exists, and without vices on the minds of people, free will cannot exist. Just as a lobotomy patient has been "cured" but can no longer walk.
Therefore I think that ego can be a healthy part of living, but only because it gives us a measure of how caring and generous we are to others. A man living purely on fueling his own ego is not a man, but a beast. And that beast is Satan. God bless.

Reminder that when based Ikaros called out the stagazers and team on their incompetency and laziness, they banned and kicked him out immediately. A moment of silence for our beloved friends, John Doe and Ikaros for their bravery and honor.

Also we remember our buddy, Z, who got depressed after watching the team's lies and their betrayal to the community.

>>26440247
reads like shit, couldnt get past a few pages.

>>26432504
it's probably common knowledge for anyone familiar with austrian economics and I wouldn't learn anything new

How does his book compare to Mankiw's or any mathematically rigorous economics book?

>>26440247
didnt read, but can tell its already outdated

>>26434986
>knowledge and decisions
my nigga

>>26444414
Sowell would have been a huge Monero proponent

I'm not smart enough.

>>26436894
>it's pretty clear to see how brutally shafted the average worker is in this world
yes, because of socialist wealth redistribution, the financial kikery like central banks and quantitative easing which facilitates said redistribution and the parasites at the top who are milking the wealth being transfered. kys