Ben Bayer
@BenBayer
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Fellow and Director of Content, the Ayn Rand Institute. Former philosophy prof. Views expressed are my own, I am not authorized to speak for my employer.
Austin, TX
Joined January 2013
From my latest for New Ideal, part of an ongoing project: . "Once we exorcise morality of these ghostly remnants of religion’s past, we’ll see this leaves more than enough room for new secular moral ideals to flourish."
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RT @agustinavcid: I’m old enough to remember when Republicans welcomed people fleeing socialism. E.g.: in 2021 Trump ordered the deferral….
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Generate videos in just a few seconds. Try Grok Imagine, free for a limited time.
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I enjoyed this discussion with @tristandeliege, @BakulaRobertas and @donswriting on the subject of a very interesting book by Ruchir Sharma.
What Went Wrong With Capitalism? A Review of Ruchir Sharma's Book. Tristan de Liège, @BenBayer, @donswriting , and @BakulaRobertas discuss Ruchir Sharma's book, What Went Wrong with Capitalism?, including the merits of his review of the history of government bailouts, the
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Glad to have had this conversation recently about the dramatic injustice now being perpetrated against women -- and doctors -- in states with new abortion bans.
Abortion Bans vs. Women's Lives. Three years after Roe v. Wade was overturned, we're seeing the consequences of state-level abortion bans across the U.S. How do these violations of individual rights threaten the lives of women? @agustinavcid and @BenBayer discuss.
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RT @AynRandInst: If Western leaders got their way and forged a new Palestinian state, what would that state actually look like, given the h….
newideal.aynrand.org
Anyone concerned with the fate of individual Palestinians and Israelis who desire freedom and justice must question the lethal premise of the “two-state solution.” Handing the Palestinian movement...
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RT @GSalmieri: The answer to what the Palestinians should have done in the months, years, and decades prior to 10/7 is simple: Prioritize….
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If someone really wanted to revolutionize money, they should find a way to use blockchain to leverage idle CPU time across a network of computers to any network member's chosen end, making CPU time a fungible commodity which would give the tradeable compute credit a real.
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But the speculation is, IMO, driven by ideology (confused Austrian and libertarian anti-government) that is way too contingent on trends to be solid money. In this respect it is a lot like modern art, which has also had a very long bubble.
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This doesn't mean I'm anti-bitcoin. Feel free to speculate with it if you dare. It uses cool tech, which I'm sure has collector's value to tech enthusiasts, which gives it exchange value if you're willing to speculate.
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LOL I thought this post would generate some controversy. Yeah I'm a bitcoin skeptic and have still never heard a good argument for why it could make for a good form of money.
The confusion that the Austrian marginal revolution concerns "subjective value" is a fallacy driving the bitcoin craze. The Austrians showed economic value is personal, but that's still personal objective use value. Commodities without use have speculative value, but no more.
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"Personal objective use value" can include a lot, by the way. But it's not just made up.
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More here on how Austrians misconceptualized their achievement: .
newideal.aynrand.org
Examining what Ayn Rand and Austrian economists have in common, versus mainstream economists.
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The confusion that the Austrian marginal revolution concerns "subjective value" is a fallacy driving the bitcoin craze. The Austrians showed economic value is personal, but that's still personal objective use value. Commodities without use have speculative value, but no more.
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RT @AynRandInst: Trump vs. CBS: How Government Pressures Companies to Self-Censor. Does pressure by Trump and the FCC on CBS violate a netw….
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Glad to have you on my team on many levels @agustinavcid.
I wrote an article for @ocregister @SoCalOpinion about the incredibly warm welcome I received from my fellow Americans when I became a citizen, which stands in contrast to the anti-immigrant rhetoric in politics these days. Link on next post 👇
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RT @AynRandInst: Profit Without Apology: The Moral Case for Business. Businessmen are widely vilified, but they should be celebrated. @dons….
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RT @AynRandInst: A medieval anti-sex attitude explains the bizarre inconsistencies in the anti-abortion policy world. @BenBayer's latest ar….
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RT @AynRandInst: 𝐁𝐔𝐒𝐈𝐍𝐄𝐒𝐒𝐌𝐄𝐍 𝐀𝐑𝐄 𝐆𝐔𝐈𝐋𝐓𝐘 𝐎𝐅 𝐀 𝐌𝐎𝐑𝐀𝐋 𝐂𝐑𝐈𝐌𝐄. Not fraud. Not exploitation. Their real crime?.They’ve been too timid to say what….
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Find it hard to believe? See my argument in my latest for New Ideal:.
newideal.aynrand.org
A medieval anti-sex attitude explains the bizarre inconsistencies in the anti-abortion policy world.
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