Stable Tastes: Difference between revisions

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(Created page with "{{stub}} {{Tweet |image=Eric profile picture.jpg |nameurl=https://x.com/EricRWeinstein/status/3886175728 |name=Eric Weinstein |usernameurl=https://x.com/EricRWeinstein |username=EricRWeinstein |content=VaR -> Kayfabe <nowiki>|</nowiki> Coase -> Economics <nowiki>|</nowiki> Stable Tastes -> Kayfabe <nowiki>|</nowiki> Arrow's Theorem -> Economics <nowiki>|</nowiki> Rep. Consumer -> Kayfabe <...")
 
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|content=VaR -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Ronald Coase|Coase]] -&gt; Economics <nowiki>|</nowiki> [[Stable Tastes]] -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Arrow's Impossibility Theorem|Arrow's Theorem]] -&gt; Economics <nowiki>|</nowiki> Rep. Consumer -&gt; [[Kayfabe]] <nowiki>|</nowiki> B. Scholes-&gt; Econ
|content=VaR -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Ronald Coase|Coase]] -&gt; Economics <nowiki>|</nowiki> [[Stable Tastes]] -&gt; [[Kayfabe]] <nowiki>|</nowiki> [[Arrow's Impossibility Theorem|Arrow's Theorem]] -&gt; Economics <nowiki>|</nowiki> Rep. Consumer -&gt; [[Kayfabe]] <nowiki>|</nowiki> B. Scholes-&gt; Econ
|timestamp=12:26 PM · Sep 10, 2009
|timestamp=12:26 PM · Sep 10, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461434251107180551
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=<nowiki>#</nowiki>bitcoin #Crypto #nft #Blockchain #Decentralization #DeFi #web3 #inflation #cpi #Trade #gaugetheory
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432604477911040
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Bitcoiners & I are focused on the danger of two related DC printing presses:
I) One that prints money directed by the Federal Reserve.
II) One that prints the CPI at the @BLS_gov which *forces* billions of dollars in wealth transfers and which can disguise the printing of fiat.
|media1=ERW-X-post-1461432602112368642-FEgNNHMVcAM0Kg-.jpg
|timestamp=8:34 PM · Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432604477911040
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We don’t always agree. I’ve no idea how Satoshi took aim at I) above. And I don’t yet know how to explain the importance of gauge theory to Gold (physical Gauge Theory), Prices/Quantities (abelian GT), Trade (non-abelian GT) and Utility (infinite dim GT):
https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Welfare_Chicago_Draft.pdf
|timestamp=8:34 PM · Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432608923914241
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=But we’ve been working together behind the scenes. I so appreciate @Breedlove22 coming to Chicago to witness what I hope will be the beginning of an attack on abuses of perhaps the second most dangerous printing press in Washington as inflation heats up.
Thanks #Bitcoiners: LFG.
|timestamp=8:34 PM · Nov 18, 2021
|media1=ERW-X-post-1461432608923914241-FEgNNkoVEAAcdGr.jpg
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432611918651392
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Lastly when we trade with nations that have a different currency from ours, how can we measure inflation of both separate currencies relative to two baskets (imports &amp; exports) without artificially assuming the law of one price?
We *must* innovate here:
https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Chicago_Trade_Index_Draft.pdf
|timestamp=8:34 PM · Nov 18, 2021
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1461432612933693442
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Bitcoiners, open minded economists &amp; math/physics folks: we have a serious problem navigating world markets using indicators that currently rely on *preposterous* assumptions (homotheticity, law of one price, [[Stable Tastes|stable tastes]], etc) Economics needs more eyeballs on it from outside.🙏
|timestamp=8:34 PM · Nov 18, 2021
}}
|timestamp=8:40 PM · Nov 18, 2021
}}
}}



Revision as of 21:53, 9 December 2025

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VaR -> Kayfabe | Coase -> Economics | Stable Tastes -> Kayfabe | Arrow's Theorem -> Economics | Rep. Consumer -> Kayfabe | B. Scholes-> Econ

12:26 PM · Sep 10, 2009


Bitcoiners & I are focused on the danger of two related DC printing presses:

I) One that prints money directed by the Federal Reserve.

II) One that prints the CPI at the @BLS_gov which *forces* billions of dollars in wealth transfers and which can disguise the printing of fiat.

ERW-X-post-1461432602112368642-FEgNNHMVcAM0Kg-.jpg
8:34 PM · Nov 18, 2021

We don’t always agree. I’ve no idea how Satoshi took aim at I) above. And I don’t yet know how to explain the importance of gauge theory to Gold (physical Gauge Theory), Prices/Quantities (abelian GT), Trade (non-abelian GT) and Utility (infinite dim GT): https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Welfare_Chicago_Draft.pdf

8:34 PM · Nov 18, 2021

But we’ve been working together behind the scenes. I so appreciate @Breedlove22 coming to Chicago to witness what I hope will be the beginning of an attack on abuses of perhaps the second most dangerous printing press in Washington as inflation heats up.

Thanks #Bitcoiners: LFG.

ERW-X-post-1461432608923914241-FEgNNkoVEAAcdGr.jpg
8:34 PM · Nov 18, 2021

Lastly when we trade with nations that have a different currency from ours, how can we measure inflation of both separate currencies relative to two baskets (imports & exports) without artificially assuming the law of one price?

We *must* innovate here:

https://economics.uchicago.edu/sites/economics.uchicago.edu/files/Chicago_Trade_Index_Draft.pdf

8:34 PM · Nov 18, 2021

Bitcoiners, open minded economists & math/physics folks: we have a serious problem navigating world markets using indicators that currently rely on *preposterous* assumptions (homotheticity, law of one price, stable tastes, etc) Economics needs more eyeballs on it from outside.🙏

8:34 PM · Nov 18, 2021

#bitcoin #Crypto #nft #Blockchain #Decentralization #DeFi #web3 #inflation #cpi #Trade #gaugetheory

8:40 PM · Nov 18, 2021

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