Ááron Sepúlveda-Cué
@AaronSepulvedaC
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Economist #AustrianCapitalTheory. If you don't believe me, just see the #BRICS failure to create a new monetary system, we are just better at it.
Texas
Joined June 2021
𝐌𝐨𝐧𝐞𝐲 𝐢𝐬 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐭𝐫𝐚𝐝𝐞𝐚𝐛𝐥𝐞 𝐠𝐨𝐨𝐝, 𝐧𝐨𝐭 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐠𝐨𝐨𝐝. 𝐌𝐨𝐧𝐞𝐲 𝐢𝐬 𝐚 𝐬𝐨𝐜𝐢𝐚𝐥 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧 𝐰𝐞 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐝 𝐭𝐨 𝐜𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐬𝐭𝐫𝐚𝐧𝐠𝐞𝐫𝐬. 𝐅𝐚𝐦𝐢𝐥𝐲 & 𝐟𝐫𝐢𝐞𝐧𝐝𝐬𝐡𝐢𝐩
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My new op-ed on Argentina. “Argentina Is on a Path to Economic Success” by Nouriel Roubini @ProSyn
project-syndicate.org
Nouriel Roubini thinks the midterm election result will allow President Javier Milei's market-oriented reforms to bear fruit.
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Jacobin not accounting for compounding is so on the nose it hurts.
Imagine a vampire came to the New World with Columbus in 1492. If he somehow managed to earn or steal the equivalent of $1 million 2025 US dollars every day, he wouldn't become a trillionaire until about 4232 — 2,740 years later. Not even Dracula himself would be as effective a
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Calling Stalinists & Hitlerites bigots is for sure one of the many correct labels for the #ResentmentRight
#SchizoRight
Calling people bigots didnt work for the left in 2016 but I feel really good about it working for the right in 2025
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https://t.co/e409dAyq6K please read this paper chat. It’s one I wish I had written. I only became aware of Mead recently and Dekker, in the same line as the recent Pennington book, has massively improved upon austrian social theory approach
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@AaronSepulvedaC As a full reserve advocate, I disagree with this & so does Phillipp Bagus, to my knowledge. Only on-demand deposits should be full reserve.
Soto often gives the example of a 1-second maturing loan that's continuously rolled over. He claims that (arbitrarily defined) 'short-term' loans, including low duration time deposits, are practically equivalent to fractional reserve activity. This is just flat-out wrong.
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Al parecer @UnionEditorial se animó a traducir "Less than Zero" de @GeorgeSelgin , bastante recomendado y un lujo: https://t.co/z8zHuYsiCl Cc. @juanrallo @danfmsg @MengerMindOpnr @AaronSepulvedaC
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Trump may be the most incompetent negotiator in US presidential history! The Dealmaker’s Delusion, by @NGDP_Advice
https://t.co/kqD6WFUZvC
@AaronSepulvedaC @EconstratPB
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Guys, it looks like Huerta de Soto wants Milei to make 1-month loans illegal.
Profesör Jesús Huerta de Soto'nun Javier Milei'ye sunduğu Arjantin Merkez Bankası'nı kapatma reformu: ✅ Bir aya kadar vadeli peso mevduatları için %100 zorunlu karşılık oranın��n uygulanması. ✅ Peso mevduatları ile nakitlerin dolara çevrilerek dolarizasyona geçilmesi. ✅
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Harvard read @JMilei 's quote on printing money and understood it exactly backwards. Milei: "If printing money would end poverty, printing diplomas would end stupidity.” Harvard: So, what you are saying is that we should print diplomas.
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Además de estos, leer a Lawrence White y a Wilson y a Fullarton de la Escuela Bancaria.
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The word "Democracy" has no meaning for this dude.
Most Advanced Democracies: 1. 🇨🇳 China 2. 🇨🇺 Cuba 3. 🇻🇳 Vietnam 4. 🇰🇵 DPRK 5. 🇱🇦 Laos 6. 🇧🇷 Brazil 7. 🇲🇽 Mexico 8. 🇻🇪 Venezuela 9. 🇿🇦 South Africa 10. 🇨🇴 Colombia
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Recommended as a critical analysis of Cochrane's _Fiscal Theory of the Price Level_.
flossbachvonstorch-researchinstitute.com
This paper explores the building blocks of the FTPL.
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It feels like the American Right has lost about 40 IQ points and about 80% of its sanity in the last month. What the hell guys. Get it together. It's not that hard to just disavow all the insane, juvenile, childless, nihilistic, soulless, attention-seeking sociopaths.
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@giovacatallaxy @BitPaine Also, see Menger's Principles of Economics, 1871, pg 240 & 241, the chapter on The Theory of Commodity His used of the word "Commodity" is for all tradeable goods, not just physical items or digital assets. Menger even called gov debt money in Geld, 1909, bc gov debt was uses
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@StevenHailAus You need to read the full essay. You will find there all the evidence you can ask for that Menger did not subscribe to “the myth of barter.” I refer to some if it here:
cato.org
So far as some people are concerned, when it comes to bashing economists, any old stick will do.
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@StevenHailAus Here, finally, FYI, is what I consider a good critique of my critique of Graeber: https://t.co/Kkdi711vOq But even if it us fully valid, it doesn’t rescue Graeber from the charge of being unfair to Menger, not least by failing to have actually read him.
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The word "Democracy" has no meaning for this dude.
Most Advanced Democracies: 1. 🇨🇳 China 2. 🇨🇺 Cuba 3. 🇻🇳 Vietnam 4. 🇰🇵 DPRK 5. 🇱🇦 Laos 6. 🇧🇷 Brazil 7. 🇲🇽 Mexico 8. 🇻🇪 Venezuela 9. 🇿🇦 South Africa 10. 🇨🇴 Colombia
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