If You’re Sweating the Small Stuff, Read Nobel Laureate Daniel Kahneman; Economic Calculation and the Great Reset; Why "Greedflation" Isn't Real
Wall Street Bonuses To "Fall Off Cliff" As Dealmaking Market Freezes
If You’re Sweating the Small Stuff, Read Nobel Laureate Daniel Kahneman
“Greater awareness of our mindset allows us to make permanent changes”
“Daniel Kahneman, in his book Thinking, Fast and Slow, explains the mindset that causes us to give our dysfunctional thinking such relevance. Kahneman points us to the focusing illusion: “Nothing in life is as important as you think it is while you are thinking about it.” [I read this book. It is a great book. - JRD]
How is your life going? “Any aspect of life to which attention is directed will loom large in a global evaluation,” writes Kahneman.
In our search for happiness, we often focus on the small stuff because we think we need more of this and less of that. The research is clear: hedonic changes—a new car, a new house, etc.—in our life do little to increase happiness. Kahneman observes, ‘even permanent life circumstances have little effect on well-being.’”
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Economic Calculation and the Great Reset
“Governments, billionaire elites, and NGOs have a "wonderful" plan for the rest of us called the Great Reset. They need to read Mises to know their plans are madness.”
“A grand plan is advanced by the World Economic Forum (WEF). Its name, “The Great Reset,” conveys the scope of this undertaking. Among its many audacious goals, it will “offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons.”
That is clearly all for the good. But what are the particulars? A number of strikingly different researchers (James Corbett, Catherine Austin Fitts, Patrick Wood, Whitney Webb 2, Tessa Lena 2, and Jay Dyer) have articulated a remarkably consistent picture at a detailed level. The plan has three tentpoles: technocratic socialism run by a small circle of elites, a Malthusian view of population, and transhumanism.
The socialist program starts with the ownership of all private property by the WEF itself or its proxy corporations. Ordinary people will lease goods from the WEF on a short-term basis as needed. That would include common-use items such as your living room, transportation, and meeting spaces. Wage labor will not be needed because skilled humans will be replaced with even more skilled robots and AI.”
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Why "Greedflation" Isn't Real
“Contrary to myth, businesses can't just set prices at whatever level they want. ‘Greedy’ capitalists can ask for higher prices, but prices mean little if people are unable or unwilling to pay them.”
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Wall Street Bonuses To "Fall Off Cliff" As Dealmaking Market Freezes
"The bubble burst, and now we're having a hangover..."
“According to Bloomberg, Wall Street has been battered by stock, bond, credit, and crypto volatility, soaring inflation, and an aggressive Federal Reserve tightening monetary conditions that risk a 2023 recession, which has soured investor sentiment towards new deals.”
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