diff --git a/evangelism/episodes/episode_3.md b/evangelism/episodes/episode_3.md index 1c8b373..2a4d8e4 100644 --- a/evangelism/episodes/episode_3.md +++ b/evangelism/episodes/episode_3.md @@ -1,6 +1,7 @@ # Operation Saylor Episode - 3/120 -Hi again and welcome to another episode of the Operation Saylor. This is update number 3, corresponding to September +Hi again and welcome to another episode of the Operation Saylor. This is update number 3, corresponding to September + 2022. If you are reading this for first time, you might want to check [Episode 1](https://stacker.news/items/47539), where my @@ -10,12 +11,12 @@ plan and details are explained. That will get you in context. ## Stats -- BTC stack: XXXXX BTC -- € stack: XXXXX € +- BTC stack: 0.6628 BTC +- € stack: 17,327.60 € - Current total value in €: XXXXX € -- € into BTC: XXXXX € +- € into BTC: 15,000 € - Paid back to bank: 732.40 € -- Outstanding debt: 43211.93 € +- Outstanding debt: 43,211.93 € - Installments to go: 119 Charts @@ -27,31 +28,40 @@ Charts ## Log -This past month I read through Jeff Booth's [The Price of Tomorrow](https://b-ok.xyz/book/5521985/be464d). It was an ok -read. I must confess I was very hyped about it since Jeff's appeareances in different interviews and podcasts are -great, and everyone and their mother say that the book is brilliant, but I was not that impressed. I felt the book +This past month I read through Jeff Booth's ["The Price of Tomorrow"](https://b-ok.xyz/book/5521985/be464d). It was an +ok read. I must confess I was very hyped about it since Jeff's appeareances in different interviews and podcasts are +great, and everyone and their mother swear that the book is brilliant, but I was not that impressed. I felt the book covered the idea that we are heading towards a tremendously deflationary era interestingly, but there were many other -contents which felt like dull, average-business-magazine ideas, like the section on AI. I also felt a bit disappointed -because Jeff makes a great point on how deflation poses a societal challenge since our current distribution of wealth -through salaried labour will break down and we don't have an alternative for that now, but didn't really discuss much -what could be done about that. +contents which felt like dull, average-business-magazine level ideas, like the section on AI. I also felt a bit +disappointed because Jeff makes a great point on how deflation poses a societal challenge since our current +distribution of wealth through salaried labour will break down and we don't have an alternative for that now, but he +didn't really discuss much what could be done about that. -Actively reading on ideas about deflation put it in the background on my mind and lately I kept on seeing things in my -daily life and somehow relating them to deflation. A few days ago, I was watching TV news and they pulled some charts -with the [demographic pyramids](https://www.populationpyramid.net/europe/2022/) of a few countries. As it tends to be -with these sections, the message was rather alarmist, warning about how the pension systems of a few countries in -Western Europe would become unsustainable (_if only these demographic changes could be foreseen decades ahead, maybe -then governments could have smoothly pivoted the pension systems to more adequate schemes instead of dooming future -generations to be left holding the bag..._) and how the economy would stop growing. +Actively reading on ideas about deflation put the topic in the back on my mind and lately I kept on relating things in +my daily life to deflation. A few days ago, I was watching TV news and they pulled some charts with the +[demographic pyramids](https://www.populationpyramid.net/europe/2022/) of a few countries. As it tends to be with these +sections, the message was rather alarmist, warning about how the pension systems of a few countries in Western Europe +would become unsustainable as a result of the low fertility (_if only these demographic changes could be foreseen +decades ahead, maybe then governments could have smoothly pivoted the pension systems to more adequate schemes instead +of dooming future generations to be left holding the bag..._) and how the economy would stop growing. -This desire for the population to grow constantly has always puzzled me. Why is it desirable at all? A friend of mine -and I used to end up stuck at traffic jams and we would joke about how our city would be so much friendly if we only -had half the people around. I guess there are many things nowadays which can only be sustained if the population growth -rate stays positive, but is it truly negative if they break down? Or is it just that sort of positive destruction that -Austrian economics defends as healthy because it re-allocates resources into the right ventures? +This desire for the population to grow constantly has always puzzled me. Why is it desirable _at all_? A friend of mine +and I used to end up stuck at traffic jams every morning and we would joke about how our city would be so much livable +if a plague came and we only had half the people around (_woops_). I guess there are many things nowadays which can +only be sustained if the population growth rate stays positive, but is it truly negative if we lose those? Or is it +just that sort of positive destruction that Austrian economics defends as healthy because it re-allocates resources +into the right ventures? -I guess I need to get my hands on a book about demographics now... Thanks for reading and I'll see you around next -month. +I decided to get my hands on another book that talked about it and ended up +reading "[What to Expect When No One's Expecting: America's Coming Demographic Disaster"](https://b-ok.xyz/book/11698299/0914ef) +. The book was rather naive, and the economics analysis was elementary-grade level (think of arguments such as "If the +population declines, labor will be scarce, prices will go up, everything will be unaffordable", as if demand wouldn't +decline as well). After reading the book, I was still left thinking that the only real trouble that I can +attribute to a population decline is the unsustainability of certain pension models. Maybe I found the wrong book, or +maybe I'm not crazy and there is really not so much to fuzz about. Perhaps some stacker can shed some light on the +topic and recommend some interesting resources? + +That will be all for this month. Thanks for reading and see you in the next one. diff --git a/register.xlsx b/register.xlsx index f77de6f..6e17365 100644 Binary files a/register.xlsx and b/register.xlsx differ