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I based this off of a classic anarchist/libertarian video, using comfyui krea2 and minimax h3 in a single workflow that requeues
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I wonder if not a main reason MMTers go wrong on (all) economic matters is that they have no conception of value that is not simply currency. Yet, as they also assert, currency is simply something the State creates at will. So the point is that value is created only by the State?
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Yes and you're welcome. I linked an FAQ for you upthread. You can start reading that. Feel free to ask questions when you can think more clearly.
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"... what I am saying is, you can artificial remove constraints, create bubbles that bust in some kind of cycle."
Sure. You can shoot your feet too. Why would you?
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money itself is a constraint, the fact there is only so much of it would curb over investing in production. so what ever constrains money also constraints pursuits of production that may change over time. remove constraints from money creation itself and you get what I described.
let's say we are parents looking for what I children should be and we all see doctors get paid a lot. assuming no constraints, all our children go to school to become doctors but by the time they come out, there are so many doctors their pay will have decreased significantly than they speculated. that is a coordination problem, maybe even considered 'market failure'. but in the real world there are constraints, there are only so many schools and so the price of admission will be too high, so most people doing personal economic calculation will go on to do something else. In that sense, the schools and their prices are signals that coordinate the choices of people. remove the prices, distort them through debts, and now you have removed a single constraint, distorted coordination and production, created potentially a lot of bad debts and we are back to 'market failures'.
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Hint: production
billmitchell.org/publication…
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yeah but even changing production is not without constraint, like vram hit high prices and profits for some time and it takes a long time to increase production to meet demand, and by the time that occurs, demand for them can falloff and now you have increased production for something where those same resources could have gone somewhere else. and that demand is made high because people can borrow money from a system where money can be created on demand by a banking system that can pick winners and losers and allows people to enslave themselves to massive debts (monetize their future labor). it also makes sense to go bankrupt and break commitments if you overpaid for something at a time and at a future time production has brought down the costs.
what I am saying is, you can artificial remove constraints, create bubbles that bust in some kind of cycle.
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"don't we always have capacity constraints?"
yes.
"we can produce fiat" money inexhaustibly.
To start learning the implications of that, you can read books #DeficitMyth, watch a movie @FindingMoneyDoc, or browse a website modernmoneybasics.com
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Every monetary sovereign "prints money" to spend. Most roll debt, they don't pay much down.
Increasing money supply doesn’t create hyperinflation or even inflation by itself. It requires other factors, such as economy-wide or sector capacity constraints, a collapse in production (which has a similar effect), or overwhelming foreign currency debt or import requirements. Post-K (and MMT) acknowledge this up front and very clearly.
The usual knee-jerk reaction of responding with "printing money, Weimar, Zimbabwe, hyperinflation" is not only not a cogent argument, it's also a demonstration of a complete lack of understanding of both the mechanics and history.
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The thing about science (especially the social sciences) is it's really easy to fool yourself. Let's speak of mice and men and AIs and hungry judges.
But mostly let's speak of sanity.
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tracy thurman on radically genuine pointed out the shock experiment was conducted multiple times after milgrim and got different results but that they also found something interesting was that how you setup the experiment mattered, that if people witnessed another person object to shocking they were more likely to object to it themselves, like they needed permission to object or they needed to know it was an option, or wanted to copy what other people do
radicallygenuine.com/2026/10…
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When I tell the truth, they invite a riot, and put me on trial for being truthful.
When one of their own candidates goes publicly suicidal amidst allegations of inappropriate communication with a 14-year-old, they say we need to be sensitive for their mental-health-crisis.
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Libertarian anarchists don't believe in any laws, so of course they/we don't believe in "age of consent" laws either.
Even non-anarchist Libertarians typically feel decisions about when to do adult things should be between young people and their parents/guardians, not the State.
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I distinctly remember multiple cities getting burned down all summer and having Black Lives Matter force fed into every sporting event for two years straight.
Not one of them has said a word about Brian Cole Jr.
No Al Sharpton. No protests. No media coverage. No press conferences.
Nada.
An autistic black guy got framed for terrorism and has sat in a jail cell for over a year. Video evidence appears to exonerate him completely. None of them care even slightly.
Worse, Trump has let one of his supporters rot so that the CIA can get away with a false flag on American soil meant to criminalize the entire MAGA movement.
It's one of the biggest scandals in American history and it barely makes a sound.
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One of the strangest and under-discussed phenomena in macro is how different GDP per capita and GDP per hour worked have evolved since 1990 in the US and Europe.
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(Personally, I think it's reasonabl to convert more hours into leisure the richer one gets. But I would say that, wouldn't I, as I'm European 😉
An America might say, the more one can earn per hour, the more reason one has to work even more hours and get rich more quickly.)
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I would argue it is probably more wasteful government spending and various forms of embezzlement.
We can start from mises. Humans act because they are uneasy with the state of their world, in an act we produce things to satisfy. GDP is a representation of that dissatisfaction.
The dissatisfaction can be created by destruction of wealth (bastiat's parable of the broken window), causing people to want to rebuild their lost wealth. You can increase GDP by destroying wealth such that people have to rebuild it.
Low productive use of resources would be an example of loss. For example, california spent billions on a high speed rail that has been in construction for over a decade with little to show. california again has spent several billion in 5 years on homelessness but the problem grew. a similar problem in new york that spends a lot on education and the children's scores get worse instead of better. some losses are also the result of over-regulation and bad tax incentives increasing costs in things like health care. You see similarly the amount of debts american's have, a lot of massive college debts, which again can be considered wasteful spending. So they may have high income but that high income is tied up by all the debts they will have.
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Venice Agentic Chat is currently experiencing reduced performance, and some requests may be slow or fail. We’ve identified the issue and are actively working on a fix.
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🇺🇸 Jack Dorsey’s new AI voice model Dessa is absolutely insane.
There is no way to distinguish it from a human, man … crazy.
Thats kinda cool, but many people will get attached to it and isolate from real humans even more. Many will get scammed on the phone, especially grandpas and grandmas.
The future is coming get ready
Ragavan Thurairatnam
🇺🇸 AI VOICE MODEL: Get ready for a new era of scam calls!
Now if someone calls you’ll not able to distinguish if it’s AI or a human, it’s pretty insane.
Just listen to the girl voice … crazy.
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these are fun, moshi was the first that I know of, then nvidia forked and trained their version called personaplex, I ported them both to c++ earlier this year for fun.
they are like talking to someone in another world and time. I remember one said it was watching a basketball game and I would ask it the score at various times and who was playing.
the next level imho though is to actual see them, not necessarily physical in a robot but like a 'face time' video stream. introverts could use them to practice interacting with people, facial expressions and hand gestures.
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where openai, anthropic, and others need to move is to just providing services and integrations, not just their own models. sort of like amazon prime and netflix produce their own films and shows but are services for accessing others content. and microsoft, sony, nintendo, and valve produce their own games but also have a platforms for accessing other games, ai services could segway into hardware as well. but model production is very competitive and volatile, this is why there is lots of volatility in their perceived value, they depend too much on being at the cutting edge.
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OpenAI CEO Sam Altman: "I don't even know a dramatic enough word to use… models can find bugs that are outside of the normal threat model of what we think a hacker can do… hardware-level, insane stuff… I no longer think we're gonna be able to just patch all the bugs."
It's over.
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I always thought it was a shame that modest default stack setups made alloca() a generally-frowned-upon technique in C/C++. With 64 bit architectures, give every stack a virtual address space equal to the physical memory by default!
You can do a surprisingly good job of memory management with just the stack, and I contend that it has both correctness and performance advantages.
Allocations are a trivial pointer adjustment, and frees are literally free. Keeping everything linearly packed is friendlier for all layers of the cache hierarchy, and it makes keeping everything in huge / gigantic pages easy.
Leaving temporary intermediate blocks on the stack can seem wasteful, but unless you are dealing with algorithms that make > O(n) temporary allocations, it is usually not a big deal.
Static analysis can check if you store a stack pointer into a structure deeper in the stack, which is a use-after-free, and then memory management correctness is guaranteed.
The discipline of caller-allocates-return is awkward in some dynamic cases. It would take a change in low level calling conventions, but you could plausibly have functions that return with the stack extended from where it was when they were called. I’m not holding my breath for that.
It isn’t obvious if having AI coding agents makes discussions of software architecture more or less important!
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"Surveys show that most Americans stand with Ukraine as it defends itself against Russia, view Putin as a dangerous threat who shouldn’t be trusted, and want to see the United States offer more assistance to Ukraine," writes David J. Kramer, Executive Director of the Bush Institute along with John Herbst and William Taylor, both former U.S. Ambassadors to Ukraine.
Read more in their recent article for @TheAtlantic: theatlantic.com/ideas/2026/1…
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